Now the process of withdrawing PF will be very easy, what is the new plan of EPFO ​​3.0, know what changes will happen.

EPFO 3.0 Update: Employees’ Provident Fund Organization (EPFO) is very important for millions of employed employees of the country. Now the process of withdrawing PF has become easier than before. In earlier times, to withdraw PF, employees had to visit the office, only after which their PF money could be withdrawn. If your PAP gets cut then there is a good news for you. Actually, the Employees Provident Fund Organization (EPFO) is preparing to make its system completely hi-tech. This process has been named EPFO ​​3.0.

In this context, the discussion regarding EPFO ​​3.0 has intensified. It is believed that under EPFO ​​3.0, some changes can now be made to PF. Let us know about it in detail. Let us know what changes can happen in EPFO ​​3.0?

1. Promote auto-settlement

Now some changes can be made regarding PF in EPFO ​​3.0, due to which the process of withdrawing money can become easier. Now the auto-settlement facility can be further improved under EPFO ​​3.0. Under this, now claims up to Rs 5 lakh can be processed faster. Now auto payment can be promoted under this.

2. EPFO ​​ATM card facility

According to the information, now EPFO ​​customers can be given the facility of EPFO ​​ATM card. Through this, now the customer will be able to withdraw money directly from his PF account by inserting the card in the ATM machine. If needed, you can easily withdraw your PF funds at any time. This process will become much easier.

3. PF money will be withdrawn through UPI

Withdrawal of PF money has become quite easy these days. Now customers will also be able to withdraw their PF money through UPI. Union Labor and Employment Minister Mansukh Mandaviya has also confirmed the matter of withdrawing PF money directly through UPI under the new system. It can be implemented soon in future.

How will the money be withdrawn under EPFO ​​3.0?

To withdraw money under EPFO ​​3.0, you will have to fulfill some conditions. For this, your Universal Account Number (UAN) should be completely active. If it is not active then activate it first. After this the mobile number linked to your UAN should remain active. For this, along with your bank account number and IFSC code, the PAN card details should also be correct. Apart from this, it is also necessary to have KYC of other documents given by you. After this you can easily withdraw your PF money.

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