Withdraw your PF instantly from ATMs starting 2025: How it benefits you

Quick Summary:

These withdrawal options are intended to provide financial support for specific life events while ensuring savings remain for long-term needs.

Dawra said that IT systems are being upgraded to streamline claim processes further.“Unnecessary procedures have been removed as part of the IT overhaul,” she said.

The introduction of PF withdrawals via ATMs is great news for EPFO subscribers, according to Adhil Shetty, CEO of Bankbazaar.com.1.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Provident Fund cards Social security reforms EPFO modernisation Gig worker benefits PF eligibility increase Faster claim settlements PF withdrawal ATMs PF withdraw IT system upgrades PF withdrawal limit

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-12 @ 12:32:25 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 553 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Business Standard

News ID: 24370672

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 307 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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