New Delhi: A new update has surfaced about the Employees Provident Fund Organization i.e. EPFO. The organization may soon launch the EPFO ​​3.0. Union Labor and Employment Minister Mansukh Mandavia has given this information. Through this facility, EPF members will get many benefits and will be discharged from the rounds of government offices. But many people want to know what is EPFO ​​3.0? Let's understand.

According to the information given by the Union Minister, the 3.0 version of EPFO ​​is coming in the coming days. It will be a digital system, under which the functioning of EPFO ​​will also be like a bank. With its help, you will be able to withdraw the money of PF directly from the ATM without any hassle. EPFO members will be able to do all their work through Universal Account Number (UAN).

Now EPF offices will not have to be installed

Mansukh Mandavia said that now people will not have to visit EPF offices nor go to the employer to withdraw PF money. PF money under EPFO ​​3.0 will now be completely under your control and you will be able to withdraw PF money from ATM whenever you want. Till now, forms had to be filled to remove PF. HR had to be signed.

PF's money will be withdrawn in a few seconds

But now under EPFO ​​3.0, you will be able to withdraw money from your PF account like your bank account. That is, now you will be able to withdraw PF money in a few seconds. Through this app you can check PF status or balance whenever you want, you can settle the claim. That is, paperwork will be discharged through EPFO ​​3.0.

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The Union Labor Minister further said that EPFO ​​beneficiaries can go to any bank and remove their pension. Earlier, any EPFO ​​member had to do a lot of formality for Claim Transfer, people have also been liberated from it.