New Delhi, June 24
Retirement Fund Institute Epfo Members can soon be able to withdraw their employees with the ATM or UPI soon after connecting to your bank accounts. A high level of format said the Ministry of Labor is working on a project where a fixed proportion of EPF would be available and will be available a large part for their bank account using various methods.
The source also said that there are some software challenges to implement this system, which is being fixed. Currently, members of the employee Provident Organization (EPFO) has to apply to withdraw money with their ePF money, which takes long time.
The claims of the amount under Auto-Settlement Mode is performed electronically without the disposal application form. –News-Patiala
This auto-settlement mode limit has been increased from Rs 1 lakh on Tuesday to Rs 5 lakh. Read Emotor Reports in this regard: Increased {auto calum over Rs 5 lakh
