EPFO to Enable Direct PF Withdrawals via UPI: A New Era for Retirement Fund Access

EPFO to Enable Direct PF Withdrawals via UPI: A New Era for Retirement Fund Access

The Employees’ Provident Fund Organisation (EPFO) is set to revolutionize retirement savings access by introducing a Unified Payments Interface (UPI) integration for fund withdrawals, according to recent government announcements. This initiative, which has successfully completed its testing phase, will allow over seven crore members to bypass traditional, time-consuming banking channels and transfer Provident Fund (PF)…

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