New Delhi, Sept. 23 -- The Employees Provident Fund Organisation (EPFO) has issued a warning to Employee Provident Fund (EPF) account holders, cautioning them against misusing their provident fund savings for purposes not specified under the rules.

Any withdrawal of PF money for reasons other than specified under the EPF Scheme, 1952 or at the time of withdrawal could be treated as a violation, and in such cases, the EPFO has the authority to initiate recovery of the misused funds along with applicable penalties.

This warning comes before the launch of the upgraded digital platform EPFO 3.0 which is set to make PF services faster and easier, including ease of withdrawing PF money from ATMs.

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