EPFO 3.0: Withdraw your money easily with ATM access and more!

Under EPFO 3.0, employees will receive enhanced benefits, including increased savings and emergency withdrawal options.

Ajay Joseph | Published : Dec 01 2024, 02:32 PM

1 Min read

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EPFO funds provide post-retirement income. The Employee Provident Fund Organization (EPFO) offers investment opportunities for all employees.

12% of salary is deposited into the EPFO account. The employer contributes an equal amount. A portion of the invested amount in EPFO is received as a pension. Changes are coming to the Employee Provident Fund scheme.

Increased savings opportunities and emergency withdrawals will be available. The central government is planning to introduce EPFO 3.0, bringing significant changes to EPFO rules.

Following the recent announcement of PAN 2.0, the government is expected to announce EPFO 3.0 with numerous benefits.

The upper limit for contributions will be changed, allowing for higher deposits into EPFO accounts. EPFO 3.0 will enable ATM withdrawals, simplifying the process.

Confirmation is awaited, as discussions are ongoing. The benefits of EPFO 3.0 are undeniable.

About the Author

Ajay Joseph

With over eight years of journalistic experience, Ajay Joseph Raj. P has been a dedicated member of the Asianet Newsable team, where he serves as the Chief Copy Editor. His expertise spans Business, Career, Stock Market, National, International, and viral/trending topics, with a knack for crafting compelling narratives that connect with diverse audiences. Before joining Asianet Newsable, Ajay honed his skills at OneIndia News and Opoyi English, gaining extensive experience in delivering impactful stories across various beats. Read More...