EPFO UPI Withdrawal: EPFO is soon going to make the PF withdrawal process extremely easy by integrating it with UPI. Now, employees will be freed from complex portals and weeks of waiting. Through this new system, developed in collaboration with NPCI, you will be able to withdraw your money instantly directly from your mobile app.

EPFO UPI Withdrawal: For millions of salaried people in India, Provident Fund (PF) money is their support in old age and the biggest protector in emergency situations. Whether it's a wedding in the family, higher education for children, or a medical emergency, the PF amount always acts as a safety net. However, until now, the process of withdrawing this money has been quite complex and tedious. From filling out forms to company verification, employees had to wait for weeks. But now all this is going to be a thing of the past.

PF withdrawal will be as easy as UPI

The Employees' Provident Fund Organisation (EPFO) is taking a revolutionary step. Soon, the PF withdrawal process will be as simple as sending money to someone via UPI. EPFO is developing a digital system where account holders will not have to go through lengthy paperwork or complex online portals. This technology is being rapidly developed in collaboration with the National Payments Corporation of India (NPCI).

How will this new system work?

Under this new facility, PF subscribers will be able to send withdrawal requests directly from their UPI app on their mobile phones.

As soon as you submit the request on the app, the EPFO system will automatically match your Aadhaar, bank account, and PF records in the backend.
If all your information is found to be correct, the claim will be approved immediately. This will not only save time but also eliminate the fear of claim rejection due to manual errors.

Which apps will offer this facility?

According to initial information, this service may be launched with the government's BHIM app.

Initially, for security reasons, withdrawal of the entire amount will not be allowed. A limit will be set according to RBI rules. After successful testing on the BHIM app, it can be rolled out to other popular platforms like Google Pay, PhonePe, and Paytm.

When will this service be launched?

The EPFO aims to make this system live within the next 2 to 3 months. Testing of its technical infrastructure is currently underway. Once it meets all security standards, it will be made available to the general public.

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