The Centre is set to introduce a dedicated mobile application for the Employees’ Provident Fund Organisation (EPFO) by the end of March, allowing subscribers to withdraw their provident fund (PF) savings through the Unified Payments Interface (UPI), according to senior officials aware of the development.
The upcoming EPFO app will function independently of the existing UMANG platform and aims to provide a more streamlined, user-friendly interface for subscribers. The application will be linked to users’ bank accounts and integrated with BHIM as well as other UPI-enabled apps, enabling seamless fund transfers.
Once the app becomes operational, EPFO subscribers will be able to transfer money directly from their EPF accounts to their registered bank accounts and withdraw the amount using UPI. Currently, EPFO members can apply for PF withdrawals only through the Universal Account Number (UAN) portal, as there is no UPI-based withdrawal facility in place.
Officials said testing of the new application has been completed, clearing the way for its rollout by March-end. Under the proposed system, subscribers will be allowed to withdraw up to 75 per cent of their EPF balance, provided that at least 25 per cent of the corpus remains in the account, in line with existing rules.
In cases of unemployment, the remaining 25 per cent of the balance can be withdrawn after a period of 12 months.
At present, the EPFO has nearly 300 million registered subscribers, including around 7.5 crore active contributing members. The total EPFO corpus is estimated to be close to Rs 26 lakh crore.
The introduction of UPI-enabled PF withdrawals is expected to significantly simplify and speed up access to provident fund savings, offering greater convenience to millions of subscribers across the country.
рморнЗрм╖ рмПрм╣рм┐ рм╕рмкрнНрмдрм╛рм╣рм░рнЗ рмХрм╛рм░рнНрмпрнНрнЯрмХрнНрм╖рнЗрмдрнНрм░рм░рнЗ рмирнВрмЖ рм╕рнБрмпрнЛрмЧ рморм┐рм│...
рморнЗрм╖:рмПрм╣рм┐ рм╕рмкрнНрмдрм╛рм╣рм░рнЗ рмХрм░рнНрмормХрнНрм╖рнЗрмдрнНрм░рм░рнЗ рмирнВрмЖ рм╕рнБрмпрнЛрмЧ рморм┐рм│рм┐рмкрм╛рм░рнЗред...
рммрм╛рм▓рнЗрм╢рнНрн▒рм░рм░рнЗ рм╕рм╛рморм╛рмирнНрнЯ рмХрмерм╛рмХрнБ рмирнЗрмЗ рм╣рнЛрмЗрмерм┐рммрм╛ рммрм┐рммрм╛рмж рм╢рнЗрм╖рм░рнЗ рмо...
рмЖрмЧрм╛рморнА рмУрмбрм╝рм┐рм╢рм╛ рмкрмЮрнНрмЪрм╛рнЯрмд рмирм┐рм░рнНрммрм╛рмЪрмирмХрнБ рмирнЗрмЗ рмПрмХ рммрмбрм╝ рмкрм░рм┐рммрм░рнНрмд...
рморнЗрм╖ рмПрм╣рм┐ рм╕рмкрнНрмдрм╛рм╣рм░рнЗ рморнЗрм╖ рм░рм╛рм╢рм┐рм░ рммрнНрнЯрмХрнНрмдрм┐рморм╛рмирнЗ рмХрм░рнНрмормХрнНрм╖рнЗ...
рмЖрморнЗрм░рм┐рмХрм╛ рмУ рмХрм╛рмирм╛рмбрм╛ рмормзрнНрнЯрм░рнЗ рммрм╛рмгрм┐рмЬрнНрнЯ рмЪрнБрмХрнНрмдрм┐ рм╣рнЗрммрм╛ рмирнЗрмЗ рмЖрм╢...
рмХрнЛрм░рм╛рмкрнБрмЯ рмЬрм┐рм▓рнНрм▓рм╛ рмЬрнЯрмкрнБрм░-рммрнЛрм░рм┐рмЧрнБрморнНрморм╛ рмЕрмЮрнНрмЪрм│рм░рнЗ рмПрмХ рм╕рмирнНрмжрм┐рмЧрнН...
рмЗрмВрм▓рмгрнНрмб рмУ рмкрм╛рмХрм┐рм╕рнНрмдрм╛рми рмормзрнНрнЯрм░рнЗ рм▓рм░рнНрмбрнНрм╕рм░рнЗ рмЪрм╛рм▓рм┐рмерм┐рммрм╛ рмЯрнЗрм╖рнНрмЯрмХ...
рмнрнБрммрмирнЗрм╢рнНрн▒рм░:рммрм┐рмЬрнБ рмЬрмирмдрм╛ рмжрм│ (рммрм┐рмЬрнЗрмбрм┐) рмирм┐рмЬ рм╕рмВрмЧрмармирмХрнБ рмЖрм╣рнБрм░рм┐...
рмУрмбрм╝рм┐рм╢рм╛рм░ рммрм┐рмнрм┐рмирнНрми рмЕрмЮрнНрмЪрм│рм░рнБ рмирм╛рммрм╛рм│рм┐рмХрм╛рмЩрнНрмХрнБ рмирнЗрмЗ рнйрмЯрм┐ рмжрнБрм╖рнНрмХ...
рмУрмбрм╝рм┐рм╢рм╛рм░рнЗ рмормирнНрмжрм┐рм░рмЧрнБрмбрм╝рм┐рмХрнБ рмЯрм╛рм░рнНрмЧрнЗрмЯрнН рмХрм░рм┐ рмЪрнЛрм░рм┐ рмШрмЯрмгрм╛ рмерморм┐рмм...
рморнЗрм╖ рмПрм╣рм┐ рм╕рмкрнНрмдрм╛рм╣рм░рнЗ рмХрм░рнНрмормХрнНрм╖рнЗрмдрнНрм░рм░рнЗ рмЖрмкрмгрмЩрнНрмХ рмкрм░рм┐рм╢рнНрм░рморм░...