Hyderabad:
Union Labor Minister Mansuh Mandavia announced on Thursday that Employees Provident Fund Organization (EPFO) will soon launch “EPFO 3.0 version”, which would allow customers to withdraw funds from ATMs with many other new features.
Speaking after inaugurating the office complex of Telangana Zonal Office and EPFO ​​of Regional Office this evening, he said that the ‘EPFO 3.0 edition’ would be equal to the banking system.
“In the coming days, the EPFO ​​3.0 version will arrive. This means that the EPFO ​​will be equal to a bank. Just as you have transactions in the bank, you (EPFO subscribers) have your universal account number (UAN) and you will be able to do all your work.”
“Neither do you have to visit EPFO ​​offices nor do you have to go to the employer. This is your money and you can withdraw it and whenever you want. Now you still need to go to EPFO ​​offices. I promise you, I can withdraw your money from ATM whenever you want. We are fulfilling such reforms in EPFOs whenever you want. Mandavia, who inaugurated the regional office in Naroda, Gujarat and said in the foundation of the quarters of employees in Gurugram, Haryana, under the leadership of Prime Minister Narendra Modi, EPFOs are changing and going through reforms.
Complaints are decreasing and services are increasing, he said, a supporter has changed with the perspective of EPFO’s system and work style.
He further stated that the EPFO ​​platform is watching rapid changes and reform fund transfer, claim transfer and name (subscribers), withdrawing pension from any bank is one of the reform measures taken for beneficiaries.
Central coal and mines G. Kishan Reddy also spoke.
(Tagstotransite) EPFO ​​(T) PF Nown (T) ATM
