00:00EPFO 3.0
00:04Karmachari Bhavishya Nidhi Sangathan i.e. EPFO is preparing to launch EPFO 3.0 soon.
00:12Union Minister of Labour and Employment Mansukh Mandavia has given this information.
00:17He said that the government is making big changes in EPFO.
00:21After its launch, EPFO members will get many types of facilities.
00:26They will not have to go to the government office.
00:29Union Minister Mansukh Mandavia said that EPFO 3.0 version will be launched in the coming days.
00:35It means that EPFO will be equivalent to the bank.
00:40Just like you make a transaction in the bank and behave with the bank,
00:44you have a universal account number.
00:47With that, all your behavior will be done.
00:49Just like there is a loan in the bank, EPFO members will be able to work from their UAN.
00:56You will not have to go to the government EPFO office and you will not have to go to the employer.
01:02The money is yours, you can pick it up whenever you want.
01:06I promise that in the coming days, you will be able to withdraw your money from the ATM whenever you want.
01:12We are doing such a reform in EPFO.
01:15All this was said by the Central Minister during the inauguration of the Telangana Journal Office and Area Office of EPFO in Hyderabad.
01:23He said that under the leadership of Prime Minister Narendra Modi,
01:27there is a change in EPFO and improvements are being made in it.
01:31Complaints are reducing and services are increasing.
01:34He said that EPFO's workflow is now being done according to the people.
01:39Meanwhile, the Central Minister also mentioned all reforms such as fund transfer, claim transfer,
01:43improvement in the name and withdrawal of pension from any bank.
01:49Along with this, let me give you another update that EPFO has started giving more pension to people as per the Supreme Court's order from EPFO.
01:58And about 5 lakh people can be deprived of it.
02:02Because their high pension application can be rejected.
02:05In fact, the Supreme Court of the country ordered EPFO in November 2022 to provide more pension options to its subscribers.
02:15After this, EPFO has decided the rules and process for it and has also started issuing payment orders for it.
02:22So far, more than 21,000 high pension payment orders have been released.
02:26And the payment order of the remaining 1,65,000 people is expected to be issued soon.
02:32But there is a possibility of 5 lakh people being deprived of it.
02:35So what is your opinion on this whole report?
02:38Give us your opinion in the comment box and keep watching Good Returns for such updates.
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