New Delhi, Jan. 4 -- Good news for over seven crore of the Employees' Provident Fund Organisation (EPFO) subscribers. Members of the retirement fund body EPFO may soon be able to withdraw their provident fund (PF) money directly from ATMs after the settlement.

EPFO will introduce its cutting-edge software system by June of this year, EPFO 3.0, according to Union Labour Minister Mansukh Mandaviya. As per several media reports, in an interview with reporters on Thursday, Mandaviya disclosed that following the release of EPFO 3.0, EPFO will also provide ATM cards to its members.

With the implementation of revised withdrawal guidelines, members will soon be able to access their EPF funds swiftly using an ATM card.

Currently, subscribers of...