EPFO ATM PF Withdrawal: The new month starting on Sunday is bringing a huge facility for crores of working people of the country. Under this facility, millions of employed people under EPFO will be able to withdraw the money deposited in their PF account directly from the ATM. The EPFO working under the supervision of the Ministry of Labor and Employment, Government of India is going to introduce EPFO 3.0 in June, under which employees will get this facility. Here we will know how employees will be able to withdraw money from their PF account through ATM.
How will PF money come out of ATM
Under the EPFO 3.0, employees will be given a special withdrawal cards. These cards will be similar to the ATM card, which will be linked to your PF account. Through this card, you will be able to go to any ATM and withdraw money from your PF account. But it is very important to take care of some things here. Let us tell you that money from PF account can be withdrawn only under selected circumstances. According to these circumstances, it will be decided how many rupees you can withdraw from your account. According to EPFO rules, under different circumstances you can withdraw 50 to 90 percent of the total amount deposited in your account.
What to do to withdraw money from PF account
To withdraw money from PF account, you must first go to the EPFO website and apply for the withdrawal. Let us tell you that 90 percent of the claims in the system are now automated and the settlement process is completed in a maximum of 3 days. After completion of the settlement process, you can withdraw money from ATM. Keep in mind that to withdraw money from PF account, your UAN, mobile number linked to UAN should be active. In addition, all the details of your bank should be improved in your EPFO account.
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