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Online facility to withdraw provident fund from month of August
Posted on: 12/Feb/2016 10:26:25 AM
An online facility to withdraw provident fund, a move that will reduce paperwork and provide hassle-free service to its subscribers will be launched by Retirement fund body EPFO.
At present, subscribers who wish to settle their accounts with the EPFO are required to apply manually.
For settling online claims, the subscribers would have to activate their Universal (portable PF) Account Numbers which are seeded with KYC details including bank accounts, Aadhaar number and permanent account number.
The EPFO has over five crore subscribers.
