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EPFO subscribers’ll soon be able to withdraw PF via ATMs

  • Subscribers of the Employees’ Provident Fund Organisation (EPFO) will be able to withdraw cash from their provident fund via ATMs.
  • The subscribers will be given a card that will serve as a debit card and allow them to withdraw money from their fund via ATMs.
  • The process of settling claims will be made faster and more convenient for everyone.
  • The Ministry of Labour is mulling over reforms in EPFO services, which may result in the 12 per cent cap in employee’s contribution being removed.

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