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EPFO Launches UPI & ATM Withdrawal Feature: Major Boost for Millions of Employees

Summary by Udaipur News | Udaipur Latest News | Udaipur Local News

New Delhi, March 30, 2025 — The Employees’ Provident Fund Organisation (EPFO) is set to introduce a groundbreaking feature that will allow its members to withdraw funds through UPI and ATM, drastically simplifying access to their retirement savings. This new initiative, expected to go live by May or early June 2025, is poised to benefit over 70 million EPFO members across India. PF Withdrawals via UPI and ATM: A Game-Changer for Employees Accord…

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EPFO to Introduce UPI Withdrawals for PF by Mid-2025

March 31, 2025: In a significant move aimed at improving the ease of living for its 7.5 crore members, the Employees Provident Fund Organisation (EPFO) has raised the auto settlement of advanced claim (ASAC) limit from Rs 1 lakh to Rs 5 lakh. This decision, approved by Sumita Dawra, Secretary of the Ministry of Labour and Employment, was confirmed during the 113th Executive Committee (EC) meeting of the Central Board of Trustees (CBT). The new r…

4 days ago

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