EPFO to Allow Instant PF Withdrawals via BHIM App: Get Money in Seconds!

• EPFO is introducing a new facility for instant PF withdrawals through the BHIM app within 2-3 months.
• Approximately 30 crore beneficiaries will be able to withdraw PF funds as easily as ATM cash.
• Funds for emergencies (health, education) will be directly deposited into UPI-linked bank accounts.
• The process involves instant EPFO approval, SBI verification, and immediate cash transfer.
• Restrictions on withdrawal limits will be in place to prevent fraud, aligning with RBI UPI regulations.

Why It Matters: EPFO is revolutionizing PF withdrawals, enabling instant access to funds via BHIM app for 30 crore users.