EPFO news: UPI-based EPF withdrawals to start by April, aiming for streamlined access

EPFO will allow it subscribers to gain faster access to their provident fund savings, with the facility to withdraw EPF directly into their bank accounts through a UPI-based payment gateway expected to roll out by April this year. The labour ministry is developing a system under which a portion of the EPF balance will remain locked in, while a substantial share can be withdrawn seamlessly via the Unified Payments Interface.