Withdraw PF Directly From ATMs Starting 2025: Labour Secretary
EPFO subscribers will be able to withdraw their provident funds directly from ATMs, as announced by Labour Secretary Sumita Dawra
The Labour Ministry is modernizing its IT systems to offer better services to the nation’s vast workforce.
Starting in 2025, EPFO subscribers will be able to withdraw their provident funds directly from ATMs, Labour Secretary Sumita Dawra said on 11 December 2024, Wednesday.
“We are working to expedite claims processing and simplify the process to improve ease of living. Claimants, beneficiaries, or insured individuals will soon be able to access their claims with minimal human interaction via ATMs," Dawra
“Systems are continually evolving, and you’ll notice significant improvements every two to three months. We expect major upgrades by January 2025," she added.
The Employees’ Provident Fund Organization (EPFO) currently serves over 70 million active contributors.
Dawra also highlighted the government’s ongoing efforts to enhance EPFO services for greater ease of living.
Regarding the extension of social security benefits to gig workers, Dawra confirmed that progress is being made but withheld a timeline.
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