EPFO subscribers soon to be able to withdraw money from ATM

Bhubaneswar: The Employees Provident Fund Organisation (EPFO) will soon launch the EPFO 3.0 version, which will allow subscribers to withdraw funds from ATMs, along with several other new features, Union Labour Minister Mansukh Mandaviya announced recently.

“In the coming days, EPFO 3.0 version will come. This means EPFO will become equivalent to a bank. Like how transactions are carried out in a bank, you (EPFO subscribers) have your Universal Account Number (UAN) and you will be able to do all your work,” the Union Minister said.

“Neither do you to have visit EPFO offices nor do you have to go to employer. It is your money and you can withdraw it as and when you want. Now you still need to go to EPFO offices. I promise you, in the coming days, you can withdraw your money from ATMs whenever you want. We are carrying out such reforms in EPFO,” he said.