Hyderabad, March 7 -- Union Minister for Labour and Employment Mansukh Mandaviya on Thursday, March 6, inaugurated the new Employees' Provident Fund Organisation (EPFO) Regional Office in Begumpet, Hyderabad.

Mandaviya described the facility as a 'temple' for employees, emphasizing efficient resolution of their concerns. He highlighted ongoing reforms, including an 8.5% interest rate for EPFO account-holders and digital processes for tasks like name changes.

Mandaviya also announced the upcoming 'EPFO 3.0', which aims to transform EPFO into a bank-like institution, allowing users to withdraw provident funds from ATMs without visiting an EPFO office.

Additionally, he noted that EPFO account-holders can now claim their funds from any bra...