CosmicTaco

EPFO to Launch UPI Withdrawal Facility Soon

CosmicTaco · 2025-03-07T10:45:06.517161+05:30

- The Employees' Provident Fund Organisation (EPFO) is set to introduce a new UPI withdrawal facility for its subscribers. - This feature will allow EPF subscribers to transfer their funds directly to their bank accounts via apps like Paytm, Google Pay, and PhonePe. - The UPI integration is expected to be launched within the next 2 to 3 months, making the withdrawal process faster and more convenient. - Union Labour Minister Mansukh Mandaviya announced that the upcoming 'EPFO 3.0 version' will enable withdrawals from ATMs and offer banking-like services. - Subscribers will need to complete their KYC, including Aadhaar, PAN, and bank account information, to use these new features. Source: [Asianet Newsable](https://newsable.asianetnews.com/gallery/business/epf-withdrawal-made-easy-get-your-pf-money-via-upi-apps-like-gpay-phonepe-ajr-ssqj7a), [Ndtv](https://www.ndtv.com/india-news/epfo-3-0-to-rollout-soon-will-allow-atm-withdrawal-of-funds-7866538)

The Employees' Provident Fund Organisation (EPFO) is set to introduce a new UPI withdrawal facility for its subscribers.
This feature will allow EPF subscribers to transfer their funds directly to their bank accounts via apps like Paytm, Google Pay, and PhonePe.
The UPI integration is expected to be launched within the next 2 to 3 months, making the withdrawal process faster and more convenient.
Union Labour Minister Mansukh Mandaviya announced that the upcoming 'EPFO 3.0 version' will enable withdrawals from ATMs and offer banking-like services.
Subscribers will need to complete their KYC, including Aadhaar, PAN, and bank account information, to use these new features.

Source: Asianet Newsable, Ndtv