EPFO to Launch New App for Instant PF Withdrawals via UPI

• EPFO subscribers can soon withdraw PF money instantly via UPI through a new mobile app launching in April.
• The new app aims to resolve the long waiting period for PF withdrawals, currently taking days even in auto-mode.
• A portion of EPF will remain 'locked-in' for retirement, while the eligible amount can be withdrawn via UPI.
• Members will use their UPI PIN for secure transactions, and the service is currently undergoing trials.
• The app will also offer other services like passbook balance access, enhancing accessibility for customers.