PF i.e. Provident Fund is an important means of savings for every employed person. 12% of your salary is deposited in the PF account every month and the same amount is contributed by the company. This money not only works as savings for the future but it can also be withdrawn when needed.

Under the plan, EPFO subscribers will receive dedicated cards that can be used at ATMs to withdraw savings, says an official

EPFO members may soon withdraw PF claims directly from ATMs after settlement. This new system aims to improve claim processing and provide greater convenience for subscribers.

Union Labour Secretary Sumita Dawra has reportedly said that the labour ministry is upgrading information technology infrastructure to provide enhanced services to the Indian workforce

The labour ministry is going to hold consultations with the Reserve Bank of India (RBI) and major commercial banks to prepare a roadmap on how this mechanism can be established, the sources said.

The upcoming facility for PF withdrawals through ATMs aims to simplify the process, allowing beneficiaries, claimants, and insured individuals to access their provident fund with reduced human interaction.

Subscribers of the retirement fund body EPFO may soon be able to withdraw claim amounts from their accounts through ATMs, a top official said.

Union Labour Secretary announces EPFO subscribers can soon access funds through ATMs, enhancing services for Indian workforce.

Labour Secretary Sumita Dawra says EPFO subscribers will likely be able to withdraw PFs via ATMs as early as 2025