PF at Your Fingertips: EPFO’s UPI Withdrawal Set to Transform Access from April

Employees Provident Fund Organisation (EPFO) is to implement instant PF withdrawals through UPI starting in April, which is a significant change for first-time users. Rather than taking up to 3 days, members who qualify will be in a position to access funds almost immediately to cater to things like medical emergencies, education, marriage, or even housing. The auto-settlement cap has been increased to 5 lakh rupees; a considerable number of claims are going to be processed without any human effort.

Preparation is paramount in first time users. Your Universal Account Number (UAN) should be operational, your Aadhaar, PAN and bank information must be KYC verified, and your UPI must be linked with the same bank account. Upon approval, PF funds will be added directly through UPI, and the withdrawal will seem like a digital wallet – it can be used to pay instantly or access the ATM.

This action makes paperwork easier, faster to access, and does not make PF any less member-friendly than ever before.