Salestorrs, soon, you will be able to use the nearby ATM to withdraw money from your savings and Provident Fund (PF) accounts. The Employee's Provident Fund Organisation (EPFO) is upgrading its IT infrastructure to be at par with banking systems. EPFO's new 2.1 IT system should come into place by January 2025. It will facilitate better service delivery, simplified claim settlements, and streamlined PF withdrawals. It will offer a PF withdrawal card that can be used in ATMs to pull out up to 50% of the PF balance. Find out who will be able to withdraw their PF amounts in today's #SalestorrsNews150, news in 150 words. LINK IN COMMENTS BELOW. #salestorrs #epfo #providentfund #pfwithdrawal #newsinbrief
Read the post here https://www.salestors.com/news/epfo-may-allow-pf-withdrawal-via-an-atm-card-from-jan%E2%80%9925