EPF withdrawals via UPI likely soon: How members can transfer funds directly to bank accounts in 3 easy steps
New Delhi, May 21 -- Employees' provident fund withdrawal via UPI payment gateway is likely go live soon!
Concerning Employees Provident Fund Organisation (EPFO) subscribers, Labour Minister Mansukh Mandaviya told reporters on Wednesday that testing of the facility has been completed and currently the EPFO is taking several initiatives to improve the quality of service delivery.
"We have completed the testing of the facility where members can withdraw EPF (employees' provident fund) through the use of the UPI payment gateway. The withdrawn amount will be directly transferred into the bank account of the member," Mandaviya said on Tuesday.
The labour ministry has been working on a project where a certain proportion of the EPF will be fr...
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