India, March 13 -- Have you ever felt the need to withdraw money from your provident fund without having to go through the hassle? This will soon be a reality.

Union Labour Minister Mansukh Mandaviya, whose ministry oversees Employees' Provident Fund Organisation (EPFO), recently announced 'EPFO 3.0 version', which he said will be launched in the "coming days".

He was speaking after the inauguration of the office complex of EPFO's Telangana Zonal and Regional Office in Hyderabad. Mandaviya said the EPFO 3.0 version will be equivalent to the banking system.

This will allow subscribers of EPF accounts to withdraw money from ATMs, whenever they wish to.

"Like how transactions are carried out in a bank, you (EPFO subscribers) have your Un...