New Delhi, March 26: Attention EPFO members. Withdrawal of your contribution is going to be hassle free. One can withdraw cash from the EPFO account and transfer funds to others via UPI.
The Employees’ Provident Fund Organisation (EPFO) is all set to activate ATMs to withdraw their Provident Fund (PF) savings instantly. Similarly, the Commission is going to activate UPI transactions from the EPF by the end of June 2025.
The Ministry of Labour and Employment, has received approval from the National Payments Corporation of India (NPCI) in this connection.
With the new facility , Private firm employees will be able to withdraw up to Rs 1 lakh instantly, directly through UPI platforms and ATMs. Additionally, they will be able to check their PF balances and transfer funds to their bank accounts instantly from the transaction receipts and mini statements.
