PF Withdrawals Through UPI Will be Easier, EPFO is Launching a New App, Know How it Works – Times Bull
Provident Fund (PF) is considered an important means of financial security for employed people in India. However, withdrawing PF funds in times of need is often associated with a lengthy process. To address this issue, the Employee Provident Fund Organization is working on a new mobile application that will allow employees to withdraw PF funds through UPI. This new initiative is expected to relieve employees of the hassle of forms, approvals, and lengthy processes.
PF Claiming through the App will be Easier
The new app could significantly simplify the current PF withdrawal process. Currently, PF claims require multiple steps, including application, verification, and bank processing. The new digital feature will allow users to request withdrawals directly from the mobile app, and the funds can be transferred directly to their bank account via UPI. This will save time and make the entire process more user-friendly.
How the new system will work
Users may be given the option to link their PF account to the UPI system in this app. The National Payments Corporation of India has played a major role in making the UPI system a robust digital payments platform in India. When a member requests a withdrawal, the payment will be verified through the UPI PIN, and the amount can be credited to the account immediately. This could make PF withdrawals almost real-time.
Launch Timeline and Possible Launch
According to sources, this feature could be launched between March and April 2026. If implemented on schedule, it could prove to be a major relief for millions of employees, especially those who urgently need money.
PF Balance Checking Facility
The new app will allow users to view their PF balance directly on their mobile devices, as well as determine the amount they are eligible to withdraw. It is estimated that approximately 75% of PF withdrawals could be made available through UPI. This will increase transparency and allow users to plan their finances.
Major benefits in emergencies
The primary objective of this digital facility is to make access to PF funds easier and faster. In the future, employees will be able to withdraw PF funds from their mobile phones without the lengthy process. This will provide immediate assistance in case of medical emergencies, education expenses, or other urgent situations.
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