With a digital leap, the Employees’ Provident Fund Organisation (EPFO) is gearing up to roll out UPI-based claim processing, allowing members to withdraw their provident fund instantly. The move, aimed at improving efficiency and cutting transaction time, was announced by Labour and Employment Secretary Sumita Dawra on Tuesday.
In an interview with ANI, Dawra confirmed that the feature will go live by May-end or June, marking a major shift in how EPFO members access their savings. “After conducting the necessary testing, we expect to roll out the UPI frontend for EPFO claims by the end of May. This will benefit all members, as they will be able to view their EPFO accounts directly in the UPI interface and make auto-claims. The approval process will be instant if the consumer is eligible, ensuring quick credit to their accounts,” she stated.
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Dawra told ANI that members will be able to withdraw up to Rs 1 lakh instantly through an automated system and select their preferred bank account for transfers
At present, EPFO members must go through a claim process that takes 2–3 days. Once UPI integration is introduced, withdrawals are expected to be completed within hours or even minutes. The feature is expected to revolutionise the provident fund system, much like UPI did for digital payments in India.
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Beyond faster withdrawals, the EPFO has also expanded the scope of fund usage. Members can now withdraw funds for housing, education and marriage, in addition to the existing sickness provisions, Dawra added.
To make this shift possible, the EPFO has undergone a significant digital transformation. More than 120 databases have been integrated to streamline claim processing and 95% of claims are already automated. The aim is to further simplify the process, reducing paperwork and delays.
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