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EPFO Warriors Can Withdraw EPF Cash via UPI Starting April 1

EPFO Warriors Can Withdraw EPF Cash via UPI Starting April 1

Listen up, EPFO warriors! Starting April 1, you can rock your EPF withdrawals straight to your bank via UPI! The labour ministry is cooking up a plan to freeze some funds while letting you snag the cash you need. With auto-settlement, your claim will be in your hands in just three days! It's time to electrify your retirement game and claim what’s yours!

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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