New Delhi: The EPFO ​​is soon going to announce good news for PF employees, which will benefit millions of families. It will now be very easy for PF employees to withdraw PF money. You will be able to use some amount of your PF account even without claiming it. In the current situation, the PF amount is received within 10 to 15 days of claiming, but EPFO ​​can now make new changes soon.

Crores of families will benefit from this facility as soon as it is implemented. Under the new rules, money can be withdrawn through an ATM debit card, along with UPI. You may be surprised to hear this, but it is 100% true, according to sources related to EPFO. The new rule is expected to be implemented within the next two to three weeks.

Withdrawal will be done through an ATM debit card.

To bring convenience and transparency to PF employees, EPFO ​​is soon going to implement the rule of withdrawal through UPI and debit cards. Currently, work is underway to make the new system more straightforward, which is why it has not yet been implemented. The challenges related to the software will end soon, after which it can be implemented.

According to the Central Labour Ministry, the amount deposited in the PF account belongs to the employee, and there should be no problem in withdrawing it. According to the ministry, the employee can use the amount up to a specified limit at any time. As soon as the software is ready, PF employees will be able to withdraw their funds from the ATMs and via PI.

Increase in auto claim settlement

The central government has also given good news by increasing the amount of auto claim settlements. EPFO ​​has increased the auto claim settlement amount directly to Rs 5 lakh. According to this, it has increased five times. There will be no need for any manual verification to withdraw the amount.

This is bringing a lot of enthusiasm to the faces of the employees. Under the new change, withdrawal claims will be settled electronically within three days of filing the application form, with no human intervention.