Here's a big update for provident fund subscribers. Starting next year, EPFO subscribers will be able to withdraw their provident funds directly from ATMs. A claimant, beneficiary, or insured person will be able to access their claims conveniently through ATMs, with minimal human intervention," the Labour Secretary said. Regarding plans to extend social security benefits to gig workers, Dawra said …
The agriculture sector in Assam has suffered because banks and financial institutions are yet to get over the “militancy hangover”, a representative of farmers’ associations in the northeast has told the Centre. The anti-outsiders Assam Agitation and two decades of extremism created a negative perception among bankers and financiers about the farmers’ repayment capability, the representative said at a pre-Budget …
Banks are expected to witness a big ATM refresh cum addition cycle in the next 12-18 months, involving replacement of nearly 40,000 ageing ATMs, and expansion of network by about 10,000, as per industry estimates, reported Business Line. All scheduled banks collectively added 4,452 ATMs in FY23, with their network standing at 2,19,513 as at March end 2023, per RBI …
