The Employees' Provident Fund Organisation (EPFO) may introduce a "self-approval" mechanism for subscribers to withdraw money from their accumulated corpus under an automated process by early next fiscal year, according to official sources.
If this results in any liquidity crunch for the EPFO, it may avail cash-credit from commercial banks to meet temporary requirements, said the sources. By the end of FY24, the total corpus of EPFO was ₹24.75 lakh crore, of which about 63% was invested in financial instruments such as government securities, corporate bonds, and exchange-traded funds. The EPFO is going to hold consultations with the Reserve Bank of India (RBI) and major commercial banks to prepare a road map on how this mechanism can be established, the sources said.
この記事は Financial Express Kolkata の December 17, 2024 版に掲載されています。
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この記事は Financial Express Kolkata の December 17, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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