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Employed people often consider withdrawing Provident Fund (PF) when needed. In such a situation, the EPF (Employees’ Provident Fund) department is making many reforms to make this process easier. Sumitra Davra, Secretary, Ministry of Labor and Employment, while talking to news agency ANI, said that soon people will get many new facilities for withdrawing PF, so that they will be able to withdraw their PF without any hassle.
New initiatives of EPF department
Sumitra Dawra told ANI that the EPF department is a huge department, in which More than 7 crore active contributors Are included. Also, the total user base of EPFO is continuously increasing. He said that the IT system of PF is being updated, so that claimants can get claims without hassle and faster.
He said, “We understood the IT system of PF and made many improvements in it. In the last few months, we have increased the speed of claim settlement. The number of automatic settlements has also increased, and many non-essential processes have been removed.” These reforms are proving helpful in making the work of EPFO simpler and faster.
EPFO aims: Banking level IT infrastructure
Sumitra Davra said that the aim of EPFO is that its IT infrastructure should be of global level in banking. He said, “We want to take EPFO to the level where the IT infrastructure of the banking sector is. By January 2025, when EPFO IT version 2.01 When it is launched, PF claims will be settled even faster.”
This updated system of EPFO will help in automatic settlement and make the process of withdrawing PF simpler and faster than ever before.
Facility to withdraw PF from ATM
The EPF department is soon preparing to provide the facility to claimants to withdraw PF through ATM. With this, claimants will not need to go to the bank or EPFO office. There will be more use of technology and less human intervention in the process of withdrawing PF from ATM.
Sumitra Davra “We will make it so easy that any claimant, beneficiary or insured person will be able to withdraw their PF from ATM. “This feature is evolving with improvements every two-three months.”
Big change will come in January 2025
On ANI’s question as to when the facility to withdraw PF from ATM will be implemented, Sumitra Davra said that A major improvement will be seen by January 2025. He said that along with technical improvements, EPFO is also simplifying the processes, so that it becomes very easy for people to withdraw PF.
Easy process for PF claim
Due to the new technologies and simple procedures being adopted by the EPF department, the task of withdrawing PF has now become easier than ever. The aim of EPFO is that any person can withdraw his PF without any hassle and in minimum time. For this, facilities like online portal, mobile application, and soon ATM are being started.
Easy ways to withdraw PF
You can use the following methods to withdraw PF:
- EPFO website,
You can apply for online claim by visiting the official website of EPFO. This process is completely digital and claims can be filed sitting at home. - UMANG App,
You can also claim PF through UMANG mobile app. In this you have to log in with your UAN number. - offline application,
If you are not able to apply online, then you can go to the nearest EPFO office and fill the offline form and claim PF. - ATM Facility (Upcoming),
Soon EPFO is also going to start the facility of withdrawing PF through ATM. This will save you time and make the process much easier.
