Big News For EPFO Employees : Soon A Pension Of Rs 7500 Money Can Be Withdraw From ATM : The Employees’ Provident Fund Organization (EPFO) is going to make big changes for its members. New updates are also coming out regarding this. It is also being said that the pension price will increase. Experts are speculating that the government will give a big gift to the employees claiming pension.
According to the report, the government is considering increasing the EPF-95 pension amount to Rs 7500. There have been many demands in this regard. Apart from this, the process of reactivating the PF account may be started.
Pension of Rs. 7500
For a long time, many workers’ organizations have been demanding an increase in the pension amount. Currently, the pension is being given at Rs 1000. The demand is to increase it to Rs 7500. That is, the amount will directly increase by 7.5 times. A parliamentary committee has also recommended this. The government is considering this.
Closed account will continue to operate
EPFO may make another change. It is said that the closed accounts will be reactivated. The old account can be easily linked to the Aadhaar card link. This will provide information about the closed EPFO account. It can be reopened with the UAN number. Members can also withdraw money from the closed account. For this, a portal called EPFO-ePluti will be launched.
EPF money will come out of ATMs
Another big change in EPFO involves cash withdrawal from ATMs. Users can withdraw EPFO money through ATMs. Many technical changes will be implemented soon. It is expected that these facilities will be available by May.
ALSO READ : Omfed Increases Milk Prices , Farmers Will Get More Income
