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EPFO: The government is very soon going to provide the facility to withdraw the Provident Fund (PF) deposited in the Employees Provident Fund Organization from ATM. In this facility, employees will be able to withdraw their PF amount by going to the ATM of any bank.

According to the information, the facility to withdraw provident fund from ATM can be announced in early 2025. Apart from this, soon the government can also provide the facility to the employees of EPFO ​​and Employees' State Insurance Corporation to transfer their funds to e-wallet. The government has prepared a plan for this.

Funds will be transferred to e-wallet

Customers of retirement fund bodies EPFO ​​and Employees' State Insurance Corporation (ESIC) may soon be able to access claim settlement amounts through e-wallets. A top official gave this information on Wednesday.

Sumita Dawra, Secretary in the Ministry of Labor and Employment, said on a question about quick withdrawal of Employee Provident Fund (EPF), it is an area of ​​great interest for the insured person, a contributor, how to withdraw his money more easily. Can take out.

Will be able to withdraw provident fund from ATM

Dawra said that in cases of automatic settlement, the EPF money goes into the bank account and the subscribers are able to withdraw this amount from the bank account through any ATM. Dawra, who came to attend the tourism summit, said, now you are talking about how the claim can go directly into the wallet, then we will have to make some arrangement.

For this we have started talks with bankers. We are also going to make a plan on how we can implement this practically. He said, we are contacting the Reserve Bank of India regarding this and we will prepare a plan very soon.