EPFO UPI App: PF Withdrawals Simplified, Instant Transfers Coming Soon

• EPFO developing new mobile app for easy PF withdrawals via UPI, aiming for March/April launch.
• App will allow direct transfer of PF funds to Aadhaar-linked bank accounts, bypassing intermediaries.
• Enhanced security with UPI PIN for every transaction; users can view passbook and interest details.
• Automated system to significantly reduce human intervention, speeding up 5 crore annual claims.
• Claim limit for emergencies increased to Rs. 5 lakh; new app may enable instant settlements.