Plans underway to bring EPFO service at par with banking: Top official

Quick Summary:

Subscribers of the retirement fund body EPFO may soon be able to get services at par with banking system and use ATMs to withdraw their claim amount, a top official said on Friday.

Union Labour Secretary Sumita Dawra told PTI that focus right now in EPFO (Employees' Provident Fund Organisation) is to improve the IT infrastructure.

"As part of this modernisation drive, we also aim to compare EPFO systems with the banking systems in India that are in place and are working well.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Union Labour Secretary Indian Banking System Sumita Dawra Employees' Provident Fund Organisation EPFO

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-13 @ 17:05:42 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 339 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 34 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 24397824

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