Delhi/Hyderabad, june 18 (Maxim News): The Employees’ Provident Fund Organisation (EPFO) will soon bring a big relief to its subscribers. Under the new digital platform ‘EPFO 3.0’, PF subscribers can now easily withdraw their PF money directly through UPI apps and EPF-connected ATMs. This new facility will be available by the end of this month. It is known that Union Labour Minister Mansukh Mandaviya had earlier indicated that an official announcement in this regard will be made soon.
Instant withdrawal option of up to 75 percent
The trials of this new system, developed in partnership with the National Payments Corporation of India (NPCI), have already been successfully completed. With this, PF account holders can instantly withdraw up to 75 percent of their total balance through UPI or ATMs. At least 25 percent of the funds will have to be kept in the account for future needs. (Maxim News)
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