The Employees Provident Fund Organization is all set to launch its new platform EPFO 3.0. It is likely that from June 2025, EPF members will be able to withdraw PF funds instantly through UPI and ATM, which will end the long process like before…..
The Employees Provident Fund Organization is all set to launch its new platform EPFO 3.0. It is likely that from June 2025, EPF members will be able to withdraw PF funds instantly through UPI and ATM, which will end the long process like before. According to DD News, it is likely that from June 2025, EPF members will be able to withdraw PF funds instantly through UPI and ATM, which will eliminate the long process like before
What is EPFO 3.0?
The Employees Provident Fund Organization has introduced a new platform named EPFO 3.0 to provide better facilities to its members. It will offer services through a strong IP platform like auto claim settlement, digital correction, ATM based withdrawal and withdrawal through UPI etc.
Benefits Under New Platform?
Under the new facilities, EPF members will not only be able to withdraw money through UPI and ATM, but can also check their PF balance. Apart from this, people will also get the facility to transfer funds to the bank account of their choice. There will also be security measures in this. Keeping safety in focus, account holders can also update their EPF accounts through OTP verification.
The process How to Withdraw PF from ATM
- Under the Employees Provident Fund Organization, PF account holders will be given withdraw cards which will be like the bank’s ATM card
- This card will be linked to the PF account of the account holder
- Whatever amount you want to withdraw, you will have to claim it online. Now 90% of the claims are automated, which means the claims settlement will be completed within 3 days.
- After this, using this card, subscribers will be able to withdraw money directly from their PF account from the ATM
- How much PF balance you can withdraw will depend on the reason given by you or the percentage can be 50 to 90% of the total PF balance
Important Things Required to Withdraw PF Amount from ATM?
If you want to withdraw money from PF account, then you should have these Important things with you. Your Universal Account Number (UAN) should be active and the mobile number linked to it should also be active. It should be linked to KYC documents like Aadhar card, PAN account number and IFSC code. Along with this, it is also important to have some documents like address proof, identity proof, cancelled cheque which has IFSC code and bank account number and ATM or UPI integration should be active in the mobile.