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Big EPFO change coming! Now withdraw PF money instantly via UPI and ATMs

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Big EPFO change coming! Now withdraw PF money instantly via UPI and ATMs


The UPI facility for PF withdrawal will lead to ease of transactions for people as they can access their savings instantly.

Big EPFO change coming! Now withdraw PF money instantly via UPI and ATMs

In a major relief for crores of EPFO members, the government is planning to make Employees’ Provident Fund (EPF) withdrawal easier. Soon, the EPFO subscribers will be able to withdraw their PF money directly via UPI.

The Employees’ Provident Fund Organisation (EPFO) ​​has reportedly prepared the entire blueprint of this scheme and talks are going on with the National Payments Corporation of India (NPCI) to implement this facility, according to an FE report. If everything goes according to plan, this facility can go live on the UPI platform in the next 2-3 months, the report said.

After UPI integration, members will be able to get their claimed amount directly in their digital wallets, making the withdrawal process fast, simple, and hassle-free.

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