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PF on UPI: EPFO to soon let you withdraw your provident fund through UPI apps, here's all you need to know

The Employees' Provident Fund Organisation (EPFO) is set to launch a new mobile application in April that will allow subscribers to withdraw their provident fund money directly into their bank accounts via the Unified Payment Interface (UPI). This app will also provide additional services, including checking passbook balances, improving accessibility for EPF members.

PF on UPI: EPFO to soon let you withdraw your provident fund through UPI apps, here's all you need to know

Key Highlights

  • EPFO's new app will enable EPF withdrawals through UPI starting in April.
  • Subscribers can transfer funds directly to their bank accounts using the app.
  • The app will also offer services like passbook balance checking.
  • Currently, EPF members access their accounts via the UAN portal or UMANG app.
  • A portion of the EPF will be frozen while a larger amount will be available for withdrawal.
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Sources

  1. BIG BOOST For Salaried Class! EPFO to Enable UPI-Based EPF Withdrawals via New Mobile App From April
  2. New EPFO app to allow members to withdraw EPF money via UPI: Report
  3. PF on UPI: EPFO to soon let you withdraw your provident fund through UPI apps, here's all you need to know

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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