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  1. EPFO News: EPFO ​​is working rapidly on the convenience of members. Recently, news came that soon EPFO ​​members will be able to withdraw their claim money from ATM. But now news is coming that EPFO ​​and Employees State Insurance Corporation (ESIC) members will soon be able to settle their claims through e-wallet. Sumita Daura, Secretary, Ministry of Labor and Employment, said that the government has contacted the Reserve Bank of India (RBI) to discuss this scheme. Its purpose is to ease access to retirement funds.
  2. Talks are going on with RBI
  3. Labor Ministry Secretary Sumita Daora said that the government is talking to RBI to discuss this. Its purpose is to provide people their retirement fund easily. When she was asked whether the PF amount can be withdrawn from ATM. On this she said that it is very important for the insured person that how can I withdraw my money easily. Daora said that the claims which are auto settled, are deposited directly in the bank account. People can withdraw this money from ATM.
  4. Direct talks with banks have started.
    He said that we are talking about how the claim can go directly to the wallet. For this, we have started talking with the banks. For this, we will make a plan on how it can be done practically. Earlier, many media reports claimed that the Labor Ministry is working on a debit card-like facility to provide EPFO ​​members the facility to withdraw PF from ATMs.
  5. Unnecessary processes removed from claim settlement
    Earlier this month, in an interview, he said that the Labor Ministry is upgrading its technology to provide better services to Indian employees. He said, we have already seen some improvements. Claims are being settled faster and many unnecessary processes have been removed. He said that our aim is to make the IT system of EPFO ​​as good as that of banks.
  6. Claim settlement will be faster
    He said that after improving the IT system from January 2025, claim settlement will be done even faster. We will make it so easy that the beneficiaries making the claim will be able to withdraw the money of their claim directly from the ATM. There will be very little human intervention in this. However, he did not give the time limit for implementing it. 

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