New Delhi: A big news is coming out regarding PF. A new rule related to PF is going to come. Let us know what is that new rule and what changes are going to happen.
The Employees Provident Fund Organization (EPFO) takes full care of the facilities of PF customers. A special service related to this can be started, which will benefit crores of PF customers of the country. Now PF customers will be able to claim PF through Unified Payments Interface (UPI).
The new system of EPFO ​​will allow fund transfer to the linked UPI ID of PF customers. According to reports, EPFO ​​has already prepared a blueprint for UPI integration and is expected to implement this facility within the next 2 to 3 months.
According to reports, EPFO ​​is in discussion with the National Payments Corporation of India (NPCI) to integrate PF withdrawal with the UPI platform. With this, PF customers can get their PF amount instantly from digital payment apps like PhonePe, GooglePay, Paytm and Bhim App.
You will be able to withdraw your PF through ATM card
Apart from UPI transactions, EPFO ​​is also working on enabling PF withdrawal from ATMs.
Who gave the information
In an interview with news agency ANI, Labor Secretary Sumita Dawra has revealed information related to this. Sumita Dawra said that EPFO ​​subscribers will be able to withdraw their PF through ATM by 2025. Along with this, she said that the Ministry of Labor is in the process of upgrading the entire IT services. This will help employees across India registered with EPFO.
According to a report, this system will be implemented across India in May or June next year. It is being said that the central government can remove the limit of 12% on employee contribution to PF. Employees can be given the option to contribute according to their savings and employees will be allowed to deposit an amount above the limit at any time.
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