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EPFO: The government is going to provide the facility of withdrawing Provident Fund (PF) deposited in the Employees Provident Fund Organization very soon through 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 of withdrawing Provident Fund from ATMs 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 an e-wallet.

Customers of retirement fund body, EPFO and Employees State Insurance Corporation (ESIC) may soon be able to access the claim settlement amount through e-wallet. A top official gave this information on Wednesday.

Responding to a question on the quick withdrawal of the Employees' Provident Fund (EPF), Secretary of the Ministry of Labour and Employment Sumita Dawra said, "This is an area of great interest for the insured person, a contributor, to withdraw his money more easily."

Provident funds can be withdrawn from the ATM

Dawra said that in automatic settlement cases, the EPF money goes to the bank account and the contributor is able to withdraw this amount from the bank account through any ATM. Dawra, who was here to attend the tourism summit, said, "Now you are talking about how the claim can go directly to the wallet, then we have to make some arrangements.

For this, we have started talking to the bankers. We are also going to make a plan about how we can practically implement it." He said, "We are contacting the Reserve Bank of India in this regard and we will prepare a plan very soon."