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Retirement fund body EPFO will launch online PF fund transfer and withdrawal facility in the first week of July, benefiting over 50 million subscribers.

"We are planning a soft launch of facility to apply online for transfer and withdrawal of the provident fund on July 3 or 4," recently appointed EPFO's Central Provident Fund Commissioner K K Jalan said.

Earlier, the Employees' Provident Fund Organisation (EPFO) had planned to launch the service on July 1.

According to sources, Jalan will be meeting the new Labour Minister Sis Ram Ola on Monday to chalk out further plan of action.

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