EPFO Update: PF money will be withdrawn from cards like ATM, know what is EPFO 3.0..

To continue the same income after retirement, employees have the option to invest in EPFO along with the job. A part of the investment amount in EPFO is received as a pension after retirement. Now the rules of EPFO can be changed. After this change is done, investors will benefit a lot.

Yes, the government is planning to bring EPFO 3.0. After its implementation, there will be a lot of changes in the rules of EPFO. After these changes, investors will get more convenience in withdrawing and investing from the Provident Fund.

What is EPFO 3.0?

The government recently announced the PAN 2.0 Project. Now it is believed that the government can announce the EPFO 3.0 project. In this project, the government can change many rules to make EPFO more convenient. After these rules are changed, many problems of investors will be resolved. This means that investors will get many benefits from EPFO 3.0.

We are going to tell you how employees will benefit from the EPFO 3.0 project.

The contribution amount will increase.

At present, employees can invest only 12 percent of their salary in EPF. According to media reports, if the EPFO 3.0 project is implemented, then the employee can also increase his contribution share. This means that he can also invest more than 12 percent.

Many employees wanted to invest more than 12 percent in EPFO, but due to a limit, they were not able to do so. However, after EPFO 3.0 comes, he can invest according to his own.

Will be able to withdraw money from ATM
The employee said that he has difficulty making partial withdrawals from Provident Fund. In such a situation, to overcome this problem, after the implementation of EPFO 3.0, employees can withdraw money from the Provident Fund through ATM. After the implementation of this rule, it will become easier to withdraw money from the PF account. It is believed that this rule can be implemented from May-June 2025.