The preparation phase is over. And EPFO 3.0 is going to be launched in a few days. Employees Provident Fund Organization (Employees Provident Fund Organization) is going to make a big change with PF Account.
Crores of PF customers in the country will benefit from this. From now on provident fund can be withdrawn from UPI and ATM. How to withdraw money from PF account?
How much money can be withdrawn from PF account? When will ATM and UPI withdrawal start in EPFO? According to EPFO, the testing of this new system has already been completed.
Union Labor and Employment Minister Mansukh Mandaviya had announced last May that the service would be launched soon. However, the official launch date has not been announced by EPFO yet. EPFO 3.0- EPFO 3.0 is the next generation digital platform where provident fund withdrawal will be easier.
Fast service is available online. Money will be transferred directly to the Aadhaar linked bank account. How to withdraw PF through UPI? First, check how much money can be withdrawn, then select how much money you want to withdraw, then enter the UPI PIN, then the PF money will be transferred directly to your bank account.
Once the money is credited, you can make an online payment, bank transfer or withdraw cash from an ATM. How much money can be withdrawn from PF account? As per EPFO's proposal, PF customers can withdraw 50 to 75 percent of their total balance.
The remaining 25 percent will be deposited in the account.