Employees Provident Fund Organization (EPFO) will provide a new facility to its users. Now users will be able to withdraw cash with the help of ATM. Special cards will also be given to the users by EPFO. Union Labor Ministry Secretary Sumita Dawra herself has confirmed this. He said, after PF settlement, beneficiaries can withdraw money directly from ATM. That means they don’t need to go anywhere.
Users are going to get a new facility
According to the current system, EPFO members have to wait for 7-10 days for settlement. They are able to withdraw the money only once the online claim is settled. After this the money goes directly into the beneficiary’s account. Dawra says that EPFO is trying to provide new facilities to its users. This can prove to be very beneficial for all the users. That means they don’t need to do anything. He can get its benefits directly.
More changes will be seen in 2025
He said, our entire focus right now is to improve information technology. We have been trying to improve it for the last few months. You may see changes by January 2025, after the hardware update. We are continuously taking new steps to improve the system. These decisions are being taken by EPFO for the members. Dawra said that users are going to see these changes in 2025.
Changes will also be seen in the IT system
Users were asked to do this by the government. The government is also working on this. This is being done continuously for better service of EPFO. Changes are being made in the IT system for PF provision. Earlier also, it was included in claims and self-claims. However, there is still time to bring it to the last stage. Once reaching the end, users are going to find it much easier.