EPFO New Rule: A good and big news is coming for the employees of Employees Provident Fund Organization (EPFO). Actually, employees will now be able to withdraw their PF money through ATM. Although, this news was in the headlines earlier too, but earlier no fixed day or month was fixed for it. According to media reports, now from July i.e. next month you will be able to withdraw PF money through ATM. The process of withdrawing PF money has now been made completely easy by EPFO.

Now you will not have to visit the EPFO ​​office to withdraw PF money. Now PF employees can immediately withdraw money from their PF account by transferring it to the linked bank. Let us tell you about the entire process in detail.

The process will start from July

According to media reports, this new system and rules regarding PF can be implemented from the first week. In the initial phase it can be started from some metro cities. According to Labor Minister Mansukh Mandaviya, EPFO ​​subscribers will soon be able to withdraw their PF money using UPI payment gateway. He said that this facility has been successfully tested. According to media reports, now WhatsApp will also be available to avail the benefits of EPFO ​​service. At the same time, now the limit of auto settlement can also be increased.

How much amount will you be able to withdraw?

According to media reports, under the new rules or system of PF, you will be able to withdraw up to 75 percent of the amount from your PF account immediately. This will make it much easier for you to raise funds in times of emergency. That means, you will be able to withdraw up to 75 percent of the money in your account. However, by following some conditions, you will be able to withdraw 100 percent of your PF amount. For this, you will have to give reasons for withdrawing money like marriage, studies or any special circumstances.

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