Big news for lakhs of govt employees. There is a long process to withdraw the amount deposited in the PF account. Many times there is a lot of difficulty in withdrawing money from it on the occasion of need. Even in an emergency, the amount is received in a limit only after waiting for 3 to 4 days. But now this mess is going to be relieved soon. Soon the government is going to change many rules related to EPFO. After which you can withdraw money from your PF at any time. But a limit will also be set for this.
What is the government’s plan?
The government may soon take a big decision regarding EPFO. According to media reports, the government is considering increasing the PF contribution limit under the EPFO 3.0 version. Apart from this, there is also talk of bringing the EPFO withdrawal card to withdraw PF money. After the arrival of this card, EPFO members can withdraw PF money directly from the ATM. This new rule can be implemented from June 2025.
How will it work?
Government organizations are demanding from the government to simplify the process of withdrawing PF money. Keeping this in mind, it is being considered to bring the EPFO withdrawal card. According to the information, this card will also work like an ATM card.
You can withdraw money from PF tcard
gh this card from an ATM machine, but there will also be a limit to withdraw money for this. So that some money can be saved for the future. This new rule is expected to be implemented from June 2025.
