EPFO New Update: Good news is on the way for more than 7 crore employees working under Employees Provident Fund Organization. EPFO is going to launch new rules for claim related to PF. It is being told that even you will be able to withdraw PF money from ATM, which will save you a lot of time. Tell you that after the arriving of this new regulation, the process of claiming the PF will become very easy.
There is new information that we have received from the secretary, Ministry of Labour, India- Sumita Dawra-that] employees can also withdraw the PF money from ATM just after PF claim. Let’s see this news in detail.
Online settlement will happen in 1 to 3 days
You know well that in the present time it takes 7 to 10 days to get the money from PF claims. Sumita Dawra said that this new rule will reduce the time for PF claims very much. According to reports, PF claims can be done in just 1 to 3 days. If this happens, much time of employees will be saved.
Employees will get a special card
According to the new rules of the Employees’ Provident Fund Organization, all employees would be given a special card by which employees can withdraw their PF money directly from the ATM after claiming PF. It is said that this new rule will save employees a lot of time and employees would not have to rush to banks or EPFO offices.
Many new facilities will be provided by EPFO
For your information, EPFO’s IT team has been working continuously for the last few months to minimize the time taken during PF claim. Now it is said that the new rule will minimize the time of PF claims by a lot.
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