EPFO UPI Direct Fund Withdrawal

The India — Employees Provident Fund Organisation (EPFO) is set to launch a new system by April that will allow its approximately 8 crore subscribers to withdraw their provident fund (EPF) directly into their bank accounts using the Unified Payments Interface (UPI). This initiative, spearheaded by the India — Ministry of Labor and Employment, aims to streamline the withdrawal process, eliminating the need for lengthy claim applications and reducing administrative burden on the India — Employees Provident Fund Organisation. Under the new system, a portion of the EPF balance will be frozen for retirement savings, while a significant amount will be available for instant withdrawal. Members will be able to view their eligible balance and transfer funds securely using their UPI PIN. This development follows the Central Board of Trustees' approval in October 2025 to simplify and liberalize EPF partial withdrawal provisions, merging 13 complex rules into a single framework. Union Labour Minister Mansukh Mandaviya has approved the minutes of this meeting. The auto-settlement limit for claims has already been raised to ₹5 lakh from ₹1 lakh, further facilitating quicker access to funds for various needs like illness, education, marriage, and housing. The India — Employees Provident Fund Organisation is resolving software glitches to ensure smooth implementation, aiming to provide services at par with banks, despite not holding a banking license.