India, June 1 -- The Employees' Provident Fund Organisation (EPFO) is preparing to introduce one of its biggest digital reforms in recent years. The proposed EPFO 3.0 framework aims to make provident fund services faster and more convenient by allowing members to access their EPF savings through UPI and ATM-like facilities.

The move could significantly reduce waiting times for PF withdrawals and eliminate several steps involved in the current claim process. However, many employees have raised one important question: Will withdrawing PF money through the new system affect pension benefits under the Employees' Pension Scheme (EPS)?

The Labour Ministry has now addressed these concerns and clarified how the proposed system will work.

What ...