New PF system implemented across the country. Money will be withdrawn from ATM, EPFO ​​3.0 scheme started. Pension will increase.

Nowadays everyone wants to keep their savings safe and well-planned, and Provident Fund (PF) plays an important role in this. Till now, during emergency, it takes three days to withdraw money from PF. But soon this process is going to become even easier.

coming change

From 2025, there is a possibility that any person will be able to withdraw money from his PF from any ATM. This facility will be part of the EPFO ​​3.0 plan, which looks set to move beyond the discussion stage in the next few months. The main objective of this change is to provide more flexibility to the subscribers so that they can make the most of their savings and pension.

facility to invest more

Under EPFO ​​3.0, private sector employees will be able to invest in PF more than the prescribed limit. This change will give employees the opportunity to make their financial planning more flexible and customizable. However, there will be no change in the process of contribution by employers so that the stability of the system is maintained.

Reforms in pension schemes

Apart from this, the government is also working on a plan to change EPS-95. Currently, 8.33% of the employer's share goes into EPS. Under the new scheme, employees can now make direct contributions to EPS-95, which will increase their pension amount.