EPFO to Enable Instant PF Withdrawals via UPI Through New Mobile App

New Delhi: The Employees’ Provident Fund Organisation (EPFO) is set to make it easier for members to access their PF money with the launch of a dedicated mobile app. The app, expected around April, will allow users to instantly withdraw a portion of their PF funds directly into their bank accounts via UPI.

Faster and More Convenient Services

The new app is part of EPFO’s ongoing efforts to improve digital services and reduce claim settlement timelines. Under this initiative, members will be able to withdraw a significant portion of their PF balance instantly, while a part of the account will remain frozen as per existing rules.

Key Features

• Instant PF Withdrawal via UPI: Members can transfer funds securely using their linked UPI PIN.
• Passbook Balance Access: The app will allow users to view their PF balance conveniently.
• Linked Bank Accounts: Withdrawals will go directly to pre-linked bank accounts.

Currently, EPFO services are available through the Universal Account Number (UAN) portal and the UMANG app. These platforms will continue to operate, but the new app aims to provide a simpler and faster experience for members.

Updated PF Rules

• A minimum of 25% of the contribution remains in the account as balance; this can be withdrawn 12 months after leaving a job.
• Auto-settlement facilities now allow withdrawals of up to ₹5 lakh for purposes such as illness, education, marriage, or house construction—up from the previous ₹1 lakh limit.

Testing Underway

EPFO is currently testing the system using 100 dummy accounts to ensure a smooth and secure experience. The Ministry of Labour plans a major launch event for the app in April.

This new app is expected to bring significant relief to millions of private-sector employees by making PF withdrawals quicker, simpler, and more secure.