NEW DELHI: Subscribers of the Employees' Provident Fund Organisation (EPFO) may soon enjoy the convenience of withdrawing their provident fund (PF) money directly from ATMs after claim settlements. This transformative move aims to provide services on par with the banking system for over 7 crore EPFO members.
Currently, subscribers face a wait time of 7-10 days for their claims to be processed online, after which funds are transferred to their bank accounts. However, under the proposed system, EPFO members will be issued dedicated cards enabling them to withdraw funds seamlessly from ATMs.
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Esta historia es de la edición December 14, 2024 de Millennium Post Delhi.
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