PF account holders will be able to withdraw PF money directly from ATM from next year

New Delhi: Big news is coming for EPFO ​​subscribers. From the beginning of next year, PF account holders will be able to withdraw their PF amount directly from ATM. Labor Secretary Sumita Davara made this big announcement on Wednesday. The Ministry of Labor is upgrading its IT systems to provide better service to a large workforce of the country.

The Labor Secretary said, ‘We are quickly settling the claims filed by the members and simplifying the process to improve the ease of living. Now a beneficiary making a claim can get his claim amount directly from the ATM. This will minimize human intervention and make the process easier.’

In EPFO ​​3.0, employees will get the facility to withdraw PF money through ATM. This will be the money for which the employees have filed the claim. Employees have to apply for partial withdrawal. Employees can withdraw PF money only under certain circumstances.