EPFO to enable PF withdrawals via UPI, ATM by May-end, says labour ministry secretary

The EPFO is set to introduce UPI for processing claims, aiming to enhance efficiency and reduce transaction time, as approved by the Labour and Employment ministry and the NPCI. EPFO members will soon be able to withdraw their provident fund through UPI and ATMs by the end of May or June this year, with expanded options for housing, education, and marriage funds. Claim processing time has been reduced to 3 days, with plans to further simplify the process, making PF withdrawals easier for members and completing the claim process within hours or even minutes.

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