E-Wallet PF Withdrawal: EPFO and ESIC can soon start offering customers an e-wallet facility. This will make withdrawing money very easy. Know how to withdraw money from an e-wallet.
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E-Wallet PF Withdrawal: Most working people in India have PF accounts. You are also given interest on the amount deposited in it. At the same time, if needed, you can also use the amount present in your PF account. For this, you get the facility of making an 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.
But now EPFO is going to start a new facility for PF account holders, under which you will be able to use online claims very soon through e-wallet, how will you be able to withdraw PF money from e-wallet, what will be the limit for this, let us tell you.
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Money will be withdrawn from e-wallet
The government is now planning to start a new facility for the beneficiaries of Employees Provident Fund Organization (EPFO) and Employees State Insurance Corporation (ESIC). Actually, to make the withdrawal process easier for PF account holders, now the Government of India is thinking of starting the facility of e-wallet. Talking about this, Labor Secretary of Government of India, Sumita Dawra, said that discussions have started with banks and RBI for this.
And soon a plan will be prepared for the scheme. Let us tell you that at present PF account holders have to make an online claim to withdraw money. After which money reaches the bank account after 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 limit of withdrawal?
After the introduction of e-wallet facility, the PF claim money of the beneficiaries of Employees Provident Fund Organization and Employees State Insurance Corporation will be directly transferred to their e-wallet. However, how will this facility work? Whether a separate option will be given 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 that up to what limit withdrawal can be made from PF accounts through e-wallet.
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