Hyderabad: Union Labour Minister Mansukh Mandaviya announced on Thursday that 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.
Speaking after inaugurating EPFO’s Office Complex of Telangana Zonal Office and Regional Office here this evening, he said the ‘EPFO 3.0 version’ will be equivalent to the banking system.
“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,” he said.
Content retrieved from: https://economictimes.indiatimes.com/news/india/epfo-3-0-rollout-soon-subscribers-can-withdraw-funds-from-atms-mansukh-mandaviya/articleshow/118767615.cms.
