Last Updated:
EPFO customers will certainly have the ability to withdraw their provident funds straight from Atm machines, as revealed by Labour Secretary Sumita Dawra.
Atm Machines to Facilitate Easy PF Withdrawals for Subscribers Starting in 2025
The Labour Ministry is modernising its IT systems to use far better solutions to the country’s huge labor force. Starting in 2025, EPFO customers will certainly have the ability to withdraw their provident funds straight from Atm machines, Labour Secretary Sumita Dawra claimed on Wednesday.
“We are functioning to accelerate cases refining and streamline the procedure to boost convenience of living. Claimants, recipients, or guaranteed people will certainly quickly have the ability to access their cases with very little human communication using Atm machines,” Dawra told news agency ANI.
“Systems are continually evolving, and you’ll notice significant improvements every two to three months. We expect major upgrades by January 2025,” she included.
The Employees’ Provident Fund Organisation (EPFO) presently offers over 70 million energetic factors.
Dawra additionally highlighted the federal government’s continuous initiatives to improve EPFO solutions for higher convenience of living.
Regarding the expansion of social protection advantages to job employees, Dawra validated that progression is being made yet held back a timeline.
“We have actually made substantial progression and laid out a plan that’s currently in its lasts,” she said. The proposed benefits could include health coverage, provident funds, and financial support for disabilities.
A committee with stakeholders from various sectors has been established to draft a framework for social security and welfare benefits for gig and platform workers. These workers were officially defined in the Code on Social Security, 2020, which Parliament passed, and provisions for their welfare are included in the Code.
