E- Wallet PF Withdrawal: Most of the employed people in India have PF accounts. You are also given interest on the amount deposited in it.
If needed, you can also use the amount present in your PF account, for this you get the facility of online claim from the Employees Provident Fund Organization i.e. EPFO. After making an online claim, the claim money reaches your PF account linked bank account within 7 to 10 days.
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But now EPFO is going to start a new facility for PF account holders under which you will be able to use online claim very soon through e-wallet. How can you withdraw PF money from e-wallet, what will be the limit for this, let us tell you.
Money will be withdrawn from e-wallet
The government is now planning to start a new facility for the beneficiaries of the Employees’ Provident Fund Organization (EPFO) and Employees’ State Insurance Corporation (ESIC). In fact, to make the withdrawal process easier for PF account holders, the Government of India is now thinking of starting the facility of e-wallet. Talking about this, Labor Secretary of the Government of India, Sumita Dawra, said that discussions have started with banks and RBI for this.
And soon a plan will be prepared for this scheme. At present, PF account holders have to make an online claim to withdraw money. After which the money reaches the bank account within 7 to 10 days. Apart from this, the government is also preparing to provide the facility of withdrawing money from PF account from ATM from next year.
What will be the withdrawal limit?
After the introduction of the e-wallet facility, the PF claim money of any Employee Provident Fund Organization and Employee State Insurance Corporation beneficiaries will be directly transferred to their e-wallet. However, how will this facility work? Whether a separate option will be provided for this on the EPFO site or PF accounts will be linked to the bank’s e-wallet, information about this has not been revealed yet. At the same time, it is also not clear at present how much limit can be withdrawn from PF accounts through e-wallet.
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