EPFO 3.0 may enable PF withdrawals via UPI and ATMs
Business
EPFO is preparing to roll out a new platform, EPFO 3.0, that could allow you to withdraw your Provident Fund using UPI apps or ATMs, and waiting for paperwork to clear.
Over 70 million subscribers can look forward to quick access, and the official launch announcement is expected soon.
EPFO members may withdraw 50%-75%
EPFO members may be able to transfer eligible PF funds directly to their Aadhaar-linked bank accounts using UPI-based services.
EPF-linked ATM cards will let you pull out cash just like a regular debit card.
EPFO members may be allowed to withdraw between 50% and 75% of their eligible PF balance, making sure at least 25% stays put for your retirement savings.