The Provident Fund establishment has announced that Provident Fund Subscribers will be provided with the electronic services on e-payment mode including withdrawal of money.
The PF amount accrued on retirement, the PF amount to be transferred when a person changes job, and other related services will all be carried on electronic mode. This work is almost 93% completed. 100% completion is expected by end August. Then, operation will switch over to electronic mode. No cheques or Demand Drafts will be issued.
All services will be m electronic transaction. The PF amount related to the year 2013-2014 has been undertaken for 1.21 crore PF subscribers.
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