From the Year 2025 EPFO to Allow PF Withdrawal via ATM

Mitali (Finance Professional) (15329 Points)

16 December 2024  

EPFO members will be able to withdraw PF money using a dedicated ATM card, expected from 2025.

Present System: 

Members have to wait 7-10 days for online claim settlement, with funds credited to their bank accounts.

Focus on IT Upgrades: 

Focus is to improve IT infrastructure, with significant upgrades expected by January 2025.