EPFO to Finally Let You Access Your Own Money!
In a groundbreaking leap for modern financial freedom, the Employees’ Provident Fund Organisation (EPFO) has announced that, starting 2025, its 7 crore members will finally be able to withdraw their own hard-earned PF money directly from ATMs. Yes, you heard that right—no more waiting for just 7-10 days for a fraction of your own paycheck to boomerang back to you.
Under this innovative initiative, dubbed EPFO 3.0, members will receive special cards (don’t call them debit cards, it’s more profound than that) to access funds at ATMs. Imagine, you could be standing at an ATM, withdrawing your own savings, and pretending it’s a major milestone in human progress. How thoughtful of them!
But wait, there’s more! In a dazzling display of generosity, the EPFO is also lifting the 12% cap on employee contributions. So now, you can voluntarily contribute even more of your salary to an account that takes months of form-filling, bureaucratic acrobatics, and divine intervention to access. What a time to be alive!
And for the grand finale, they’re considering raising the salary ceiling for PF contributions to ₹21,000. Because, why not make it easier for even more people to experience the privilege of lending their money to a system that treats giving it back like a state secret?
The move has been hailed as a monumental step forward in financial innovation—or as some would call it, “finally letting people access their money like adults.” So, get ready, India! Starting 2025, you’ll be able to press a button, punch in a PIN, and take out the money that was yours to begin with. Truly revolutionary. more
Under this innovative initiative, dubbed EPFO 3.0, members will receive special cards (don’t call them debit cards, it’s more profound than that) to access funds at ATMs. Imagine, you could be standing at an ATM, withdrawing your own savings, and pretending it’s a major milestone in human progress. How thoughtful of them!
But wait, there’s more! In a dazzling display of generosity, the EPFO is also lifting the 12% cap on employee contributions. So now, you can voluntarily contribute even more of your salary to an account that takes months of form-filling, bureaucratic acrobatics, and divine intervention to access. What a time to be alive!
And for the grand finale, they’re considering raising the salary ceiling for PF contributions to ₹21,000. Because, why not make it easier for even more people to experience the privilege of lending their money to a system that treats giving it back like a state secret?
The move has been hailed as a monumental step forward in financial innovation—or as some would call it, “finally letting people access their money like adults.” So, get ready, India! Starting 2025, you’ll be able to press a button, punch in a PIN, and take out the money that was yours to begin with. Truly revolutionary. more
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This is both good and bad....govt. will be left with less burden if people withdraw prematurely....good part will be if you are able to see the balance more
Dec 16
What a waste!!! PF is a savings that comes in handy when in need, now people will just use it off for Needless whims n fancies. Not a good move more
Dec 14
This is possible only if the accounts are updated and corrected. If this is the case, then why are people not able to withdraw money from their accounts even after making all out efforts for even 3-4 years ? Can't believe in this big claim by the department. more
Dec 13
This was the only secured savings that was untouched. Now people will start using all the PF money.No more savings. more
Dec 13
let us keep our fingers crossed since any scheme like earlier from epf will not be without hiccups and more
Dec 13
