North India Statesman
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News India Live, Digital Desk: EPF Rules 2025: The Employees Provident Fund Organization (EPFO) has designed a modern platform. Preparations for the launch of EPFO 3.0 have been completed. A new digital platform named EPFO 3.0 has been created. The service is likely to start from June 2025. Through this platform, the process of withdrawing money from the provident fund account of the PF member will be very easy and easy. It will be more dynamic.
Now it is easy to withdraw PF amount
Under the EPFO 3.0, now employees will be able to withdraw their PF money with the help of UPI and ATM. Earlier, a long process had to be completed to withdraw this amount of PF. They had to fill an application. That application had to wait for approval. Now this old process is going to become history. The new system can dispose of maximum claims through automated procedures. Now the amount of PF can be withdrawn in just three days. The claim will be settled.
Big changes in EPFO 3.0
Withdraw money from ATM and UPI: UPI and ATM can now be used to withdraw money from PF account.
Online balance check, fund transfer: Members will be able to check their PF balance online. They can transfer this amount to their bank account.
Digital KYC update: The account can be updated through mobile OTP verification.
Special attention to security: All transactions and updates will be safely available to members.
How to withdraw money from ATM?
EPFO will issue ATM withdrawal card. This card will be linked to their PF account.
Claim online (90% of claims will now be automated).
After claiming claim disposal, now money will be withdrawn from ATMs through withdrawal cards
Members can withdraw from 50% to 90% of their total amount.
These things are necessary to remove PF
The UAN (Universal Account Number) should be active.
Mobile number, Aadhaar, PAN and Bank Accounts- All should be connected to UAN
