New Delhi, March 7 -- Long queues, time-consuming documentation, rejections in requests, and constant delays, these are typically the images that come to mind when one considers taking advantage of your Employees' Provident Fund (EPFO) corpus in India.

All of this could be a thing of the past soon. Union Labour Minister Mansukh Mandaviya made the announcement of the imminent arrival of EPFO 3.0, a revolutionary overhaul that will introduce banking-like convenience to EPFO subscribers in millions.

The big buzz around EPFO 3.0 is the assurance to withdraw money from ATMs, a facility which would bring a much needed change. Union labour minister Mansukh Mandaviya made the announcement on March 6 that EPFO will soon launch the EPFO 3.0 versi...