EPFO members can now withdraw EPF via UPI starting April 1

Big news for EPFO subscribers! Starting April 1, you can withdraw your EPF money directly to your bank account using UPI. This new system, aimed at helping around 80 million members, will make the withdrawal process faster and easier. Instead of applying for claims, you’ll just use your UPI pin. Plus, the auto-settlement mode has been bumped up to Rs 5 lakh!

Quick rundown

1.EPFO to enable UPI-based EPF withdrawals by April.

2.New system aims to simplify and speed up fund access.

3.Auto-settlement mode raised to Rs 5 lakh limit.

4.EPFO members can withdraw for illness, education, marriage.

5.Simplified rules enhance ease of living for EPF members.

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