EPFO, ESIC subscribers may soon use claim money via e-wallets: Labour secy

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EPFO, ESIC subscribers may soon use claim money via e-wallets: Labour secy - Business Standard

Quick Summary:

Subscribers of retirement fund body EPFO and Employees' State Insurance Corporation may soon be able to use the claim settlement amounts through e-wallets, a top official said on Wednesday.

In cases of auto settlement...the money goes to the bank account and they in any case are able to withdraw it from the bank account, from any ATM presently, Dawra said.

Replying to a question on EPF withdrawal from ATMs, Secretary in the Ministry of Labour and Employment Sumita Dawra told PTI, "This is an area of great interest for the insured person, for a contributor.