EPFO members may soon withdraw PF claims through ATMs

Quick Summary:

Under the plan, EPFO subscribers will receive dedicated cards that can be used at ATMs to withdraw savings, a top official said.

"While improvements are being seen in the last few months, in January 2025 we will see more improvement coming in as a result of hardware upgradation," she said.

The new systems are expected to be rolled out after completion of a hardware upgrade by the EPFO.

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Article Details

Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Policy Atms Epfo Subscribers Withdraw Privacy Members Settlement Claims Plan Fund

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 13:12:46 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 344 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 24399198

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Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

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News Last Updated: 8 hours ago

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