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There is good news for crores of salaried class people across the country. Giving great news to its members, EPFO ​​had announced the launch of EPFO ​​3.0 on the new year. Now Union Labor and Employment Minister Mansukh Mandaviya has revealed when this service will be launched. Apart from this, the facility to withdraw EPFO ​​money from ATM has also been revealed as to when the ATM card will be available and up to what limit the contribution can be withdrawn.

According to Union Minister Mansukh Mandaviya, preparations are underway to provide EPFO ​​mobile app and ATM card facility to EPFO ​​subscribers by May-June this year. The Union Minister said that currently work is going on on EPFO ​​2.0 and the entire IT system is being thoroughly upgraded, this work will be completed by the last week of January.

When will the mobile app come?

Regarding the launch of EPFO's mobile app, the Union Minister said that after the IT system upgradation, EPFO ​​3.0 app will be launched by May-June. Through this app, EPFO ​​subscribers will get the benefit of banking services. The special thing is that with this the entire system will become centralized and the process of claim settlement will also be easy.

How much money will you be able to withdraw?

According to sources in the Labor Ministry, talks are going on between the Reserve Bank and the Finance Ministry for the banking services of EPFO ​​3.0. After which people will get debit card and will be allowed to withdraw money from ATM.

Talking about how much money can be withdrawn, it is not that people will be able to withdraw the entire contribution from the ATM card, rather a limit will be set for it. The only difference will be that you will not need EPFO's permission to withdraw money. EPFO subscribers are going to benefit greatly from this step of the government. Because, now they will not have to worry about online forms to withdraw money.