There is a lot of good news for millions of salary employees of the country. The Employees Provident Fund Organization (EPFO) is going to launch the EPFO 3.0 soon, which will make the PF ie the money from the provident fund account will be very easy and fast.
Earlier, to withdraw money from PF, he had to go to the online portal and fill the form, then he had to wait when the money would come to your bank account. This process was a long time to take and tiring. But now facilities under EPFO 3.0 will become very comfortable. Employees will be able to withdraw money directly from the ATM card or transfer up to 1 lakh rupees from their PF account immediately through the UPI app.
While working, if you change your job, till now you had to apply separately to transfer money from your old PF account to a new PF account. This process also used to take time and sometimes became complicated. But in EPFO 3.0 this work will also be done on its own. Whenever you join the new company, your PF account will automatically be linked to the new employer's PF account. This will quickly transfer your money without any hassle.
Changes will also be made in EPFO's website and mobile app so that using them becomes even more simple. You will be able to check the balance of your PF account, see the status of the claim and use other facilities very easily. That is, technology will be made so comfortable that anyone can easily get every information related to his PF immediately.
EPFO 3.0 is not limited to withdrawing only PF money, but also plans to make the pension service of the employees digital and transparent. With this, all pension related work will be done online and easily, which will give less trouble to the employees and they will be able to avail their services quickly.
Till now, many times there were problems in linking Aadhaar cards or completing KYC. But the system of digital verification in EPFO 3.0 will be so simple that employees will easily add their base or other documents online. This change will make online services related to PF more reliable and easy. Also, PF balance will also be updated in real time, just like a bank account.
