There is good news for crores of salaried class people across the country. EPFO ​​had given great news to its members and announced the launch of EPFO ​​3.0 in the New Year. Now Union Labor and Employment Minister Mansukh Mandaviya has revealed when this service will be launched. Apart from this, it has been revealed when the ATM card will be available for the facility of withdrawing EPFO ​​​​money from the ATM and up to what limit the contribution can be withdrawn.

According to Union Minister Mansukh Mandaviya, preparations are underway to provide the EPFO ​​​​mobile app and ATM card facility to EPFO ​​​​subscribers by May or June this year. The Union Minister said that at present work is going on on EPFO ​​​​2.0 and the entire IT system is being upgraded well, this work will be completed by the last week of January.

When will the mobile app come?

Regarding the launch of EPFO's mobile app, the Union Minister said that after the IT system upgrade, the EPFO ​​3.0 app will come by May-June. Through this app, EPFO ​​subscribers will get the benefit of banking services. The special thing is that with this the entire system will be centralized and the process of claim settlement will also be easy.

How much money can be withdrawn?

According to sources in the Ministry of Labor, talks are going on between the Reserve Bank and the Finance Ministry for the banking services of EPFO ​​3.0. After that people will get debit cards and will be allowed to withdraw money from ATMs.

If we talk about how much money can be withdrawn, it is not that people will be able to withdraw the entire contribution from the ATM card, but a limit will be set for this. The only difference will be that you will not need permission from EPFO ​​to withdraw money. EPFO ​​subscribers are going to get a big benefit from this step of the government. Because now they will not have the hassle of online form to withdraw money.

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