00:00If you are also an employee of a private sector and your money is deposited in the PF account every month, then many big changes are going to happen in the new year i.e. 2025.
00:10Employees Provident Fund Organization i.e. EPFO is going to go through many important changes in 2025, which will affect lakhs of salaried workers across India.
00:21The motive of these changes is to increase the experience, improve the process and improve employee-employer transparency.
00:28Employees Provident Fund Organization is ready to launch EPFO 3.0 with its new software system by June 2025.
00:38So let's tell you everything about these changes in detail in this video.
00:44These changes are expected to have an important effect on the financial safety of lakhs of Indian workers, which will ensure stronger and more secure retirement for the future.
00:54There is information about some such changes that can be implemented in the year 2025.
00:59According to reports, EPFO will issue an ATM card with which customers will be able to withdraw money for 24 hours.
01:06This is an important part of the changes in services for customers and it is estimated that this service of ATM withdrawal will be implemented during this financial year.
01:16According to reports, the limit of employee's EPF contribution will be eliminated.
01:20However, apart from Rs 15,000 by EPFO, the government is considering contributing to employees according to their basic salary.
01:29Last month, Labour Secretary Sumit Davra said that in 2025, EPFO customers can withdraw their PF money from the ATM card.
01:38In addition to this, Davra has also said that account holders can withdraw up to 50% of their account.
01:46Currently, employees of the Provident Fund Organization, i.e. the subscribers of EPFO, have to wait for 7-10 days for their online claim settlement.
01:55Once the claim is settled, the money is transferred directly to the bank account of the account holders.
02:01However, after starting the ATM service, you will be able to withdraw money from your PF account easily.
02:08So if you are also an employee of a private sector, then what is your opinion on this decision of the government?
02:13Give us your opinion in the comment box and keep watching Good Returns for such updates.
02:17Don't forget to like and subscribe to our channel.
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