PF ATM Card: Hello my dear friends, if all of you are employed, then under the rules, the company must have deducted your PF amount. Employees Provident Fund Organization or EPFO is a unit of the Government of India. The PF account of the employed person is opened, then a fixed amount from their salary is deposited in the PF account.
And earlier, to withdraw money from PF, the online process had to be used, which earlier money was not withdrawn from PF through ATM, but as per the issued, you all can withdraw money from PF account through ATM and when will the money from PF account start coming out from ATM, we are going to discuss this through today’s article. So for this, read the post carefully till the end.
PF ATM Card: Know when you will be able to withdraw money from PF account through ATM card?
Under PF ATM Card, when can each employee withdraw money from PF account through ATM, it will be discussed in detail through this post, so today’s post is going to be beneficial for all the employees who have PF account, so let’s tell in detail.
Money will be able to be withdrawn from PF through an ATM card
Under PF ATM Card, Union Labor Minister Mansukh Mandaviya, while talking to the media, has informed that preparations have been made to launch EPFO 3. O with the new software system by June 2025.
It has also been informed that a new ATM card will be issued to those people whose salary money is deposited in the PF account, due to which PF account holders will now be able to withdraw PF money easily from the ATM card.
It will be easy for you to withdraw money
Nowadays, if everyone has to withdraw advance money from PF account, then in auto mode settlement, it takes about 3 days for the money to come in the account, but there are many reasons due to which it takes even 15 days for the money to come in the account.
Due to which needy people are not able to get money, so keeping these problems in mind, ATM card is going to come, due to which you will be able to withdraw money easily whenever you want.
You will be able to withdraw only this much money from the account
As soon as EPFO 3.0 is launched under PF ATM Card, you can easily withdraw money from any ATM with the ATM card and a limit will also be imposed on it, which has been informed by the department that PF account holders can easily withdraw up to 50 percent of the money from the PF account and this limit is also likely to increase, according to media reports
How to get an PF ATM card
Under PF ATM Card, if all of you are PF account holders, then the question in your mind must be how to get an ATM card to withdraw money from the ATM, so first of all it is necessary for all people to eagerly wait for the launch of epfo3.0, after which it will be known how the ATM card will be given to you people.