Want to withdraw money from your provident funds through UPI? Testing starts: Here are 3 things you should know | Report
New Delhi, Oct. 7 -- Provident fund withdrawals could soon become easier through UPI. The Employees' Provident Fund Organisation (EPFO) has started testing this facility with banks.
An official told Moneycontrol that the launch was expected by the end of December. Here are 3 things subscribers should know about these developments.
The proposed facility will allow subscribers to withdraw provident fund money through UPI. EPFO plans to connect the UAN portal with subscribers' UPI accounts. This aims to simplify the withdrawal process.
However, testing has begun, and the launch remains expected. Subscribers should distinguish the planned service from the currently available withdrawal process.
EPFO is expected to introduce an app linked ...
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