EPFO 3.0: PF withdrawal rules to change before Diwali, funds available within minutes

EPFO 3.0: EPFO is bringing a major benefit to its millions of account holders. Under EPFO ​​3.0, the PF withdrawal process will be completely transformed. No more filling out forms or submitting documents. Employees will be able to withdraw their PF funds directly through ATMs or UPI within minutes. The new digital system may be launched before Diwali.

A big piece of good news may arrive for employees before Diwali. Now, there will be no need to wait long to withdraw your PF (Provident Fund).

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PF withdrawal rules to change before Diwali

No need to fill out forms or visit offices. The Employees' Provident Fund Organization (EPFO) is introducing a new system called EPFO ​​3.0. According to media reports, it could be implemented before Diwali. Once this system is in place, you will be able to withdraw your PF funds directly from an ATM or UPI, just like you withdraw money from a bank.

Now, withdrawing PF will be a breeze

Until now, if someone wanted to withdraw PF, they had to first fill out an online form, then submit the claim along with documents. Sometimes, they had to go to the EPFO ​​office to submit the form and wait for several days. But now, this entire process is about to change. With the introduction of EPFO ​​3.0, there will be no need to fill out any forms, no documents, no meeting with an officer.

Simply open the UPI app on your mobile or visit a nearby bank ATM and withdraw your PF funds.

How will this new system work?

With EPFO ​​3.0, PF accounts will now be directly linked to UPI and ATM networks. This means that just like you withdraw money from your savings account through an ATM, you can withdraw money from your PF account. This will require a mobile number linked to your Aadhaar card or a secure PIN. This is designed to ensure security and ease of withdrawal. However, some limits may be imposed on PF withdrawals initially to ensure the system remains secure and prevents errors.

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Complete PF information at your fingertips

EPFO 3.0 is not just an easy way to withdraw money. It will also launch a new digital platform that will provide all the information related to your PF account. You will now be able to check your PF balance on your mobile or computer, know how much money is being deposited from your salary each month, and track the status of any claims you have filed. If there's an error in your PF account, such as a misspelled name, incorrect date of birth, or a problem with your bank details, you can now correct it from the comfort of your home.

Wait is about to end

EPFO 3.0 was originally scheduled to launch in June 2025, but was slightly delayed due to technical preparations and testing. It is now expected to be implemented before Diwali. According to a Money Control report, a key meeting will be held on October 10th and 11th under the chairmanship of Union Labor and Employment Minister Mansukh Mandaviya.

This system will be finalized at that meeting. The green light could be granted. If everything goes on schedule, millions of people will have easy access to their PF funds before Diwali.