EPFO 3.0 Update: PF Withdrawals Via UPI, ATM Likely Soon, Check Limit, New Rules

Summary

The Employees' Provident Fund Organisation is preparing to launch its EPFO 3.0 digital platform, which will allow subscribers to withdraw Provident Fund money through Universal Payment Interface applications and EPF linked Automated Teller Machines. This new facility, expected to be launched by the end of June, will enable subscribers to instantly withdraw up to seventy-five percent of their eligible EPF balance. The move aims to reduce paperwork and processing delays, giving EPF members quicker access to their retirement savings during emergencies.