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Labour ministry, RBI hold discussions to ease PF withdrawal

December 26, 2024

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Hindustan Times Amritsar

THE RETIREMENT FUND MANAGER IS REVAMPING ITS WORK PROCESSES AND IT NETWORK TO HASTEN THE SERVICES

- Zia Haq

NEW DELHI: The Union labour ministry has begun discussions with the Reserve Bank of India (RBI) and other banks on rolling out new services for subscribers of the Employees' Provident Fund Organisation (EPFO), such as direct access to savings deposits through ATMs and e-wallets linked to bank accounts, an official said, requesting anonymity.

The State-backed retirement fund manager is currently revamping its work processes and information technology network for speedier services following long-standing grievances of cumbersome procedures for settlement of claims and pensions.

المزيد من القصص من Hindustan Times Amritsar

Hindustan Times Amritsar

Nod given to 3 Iran warships to dock at Indian ports, says EAM

India granted permission to three Iranian warships to dock at the country's ports three days before one of them, IRIS Dena, was sunk by a US submarine near Sri Lanka, external affairs minister S Jaishankar said in Parliament on Monday.

time to read

2 mins

March 10, 2026

Hindustan Times Amritsar

Hindustan Times Amritsar

Gambhir's mantra: If you are afraid of losing, you'll never win

Head coach Gautam Gambhir's imprint was clearly visible in India's title winning campaign at home

time to read

3 mins

March 10, 2026

Hindustan Times Amritsar

‘WTF’: US furious at Israeli hits on Iranian fuel depots

ENDING IRAN WAR WILL BE ‘MUTUAL’ DECISION WITH ISRAELI PM: TRUMP

time to read

1 mins

March 10, 2026

Hindustan Times Amritsar

Iran leader: Hardliner in father's mould

Mojtaba Khamenei had no official post during Ali Khamenei’s rule but was speculated to be acting behind the scenes to pull strings at the heart of power

time to read

3 mins

March 10, 2026

Hindustan Times Amritsar

Mapping development, uncovering inequities

This ongoing conflict is an issue of particular concern for India. We are a neighbouring region and, understandably, have obvious stakes in West Asia remaining stable and peaceful

time to read

3 mins

March 10, 2026

Hindustan Times Amritsar

Hindustan Times Amritsar

Markets hit a 10-month low on oil price worries

INDIA UNLIKELY TO CONTRIBUTE FROM PETROLEUM RESERVES IN JOINT EFFORT WITH IEA

time to read

2 mins

March 10, 2026

Hindustan Times Amritsar

Changed game plan after failures, says Sanju Samson

Sirf T20 nahin... Three20!

time to read

3 mins

March 10, 2026

Hindustan Times Amritsar

Centre to set up body to speed up environment project nods

Govt plans design changes in Char Dham road stretch

time to read

2 mins

March 10, 2026

Hindustan Times Amritsar

What the new GDP series gets right, what needs fixing

The first estimates of independent India’s national income were prepared by a stellar team led by the national accounting pioneer Moni Mukherjee.

time to read

3 mins

March 10, 2026

Hindustan Times Amritsar

B’DESH, PAKISTAN GOVTS ANNOUNCE MEASURES TO SAVE FUEL AS WAR BITES

DHAKA/ISLAMABAD: Bangladesh has tightened security at filling stations, sent students home and even scrapped light displays for independence and Ramzan celebrations while Pakistan unveiled several austerity measures on Monday, including a cut in government fuel allowances and school closures to save fuel amid war in the Middle East.

time to read

1 min

March 10, 2026

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