By Admin 
EPFO BHIM App: For crores of working people in the country, PF is not just a saving but the biggest strength in difficult times. If there is a change in job, medical emergency, children’s education or marriage expenses, PF money always comes in handy. But till now it was not easy to withdraw this money. Filling the form, linking Aadhaar and bank, employer verification and then waiting for several days.
Many times, due to a small mistake, the claim got stuck and people’s tension increased further in times of need. Now preparations have been made to end this problem. EPFO is going to bring a system through which withdrawing PF will become as easy as paying through UPI. Know from which UPI app you will withdraw money.
How to withdraw PF from UPI?
Employees Provident Fund Organization is preparing to launch UPI based PF withdrawal system in the next two to three months. For this, the complete technical framework is being prepared in collaboration with National Payments Corporation of India. Under this new system, PF account holders will be able to submit withdrawal requests directly from any UPI app.
As soon as the request is sent, EPFO’s system will automatically verify the information related to Aadhaar number, bank account and PF account in the backend. If all the details are found correct then the claim process will proceed immediately. This will not only save time but tracking of claims will also become easier than before.
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Which apps will provide the facility?
The biggest question is that through which UPI apps PF withdrawal will be possible. According to initial information, this facility can be started on BHIM app in the first phase. Initially, the entire amount will not be allowed to be withdrawn, rather a fixed limit will be kept. This limit can be decided keeping in mind the UPI rules of Reserve Bank of India.
Its purpose will be to keep the system safe and prevent any kind of misuse. If this system runs without any problem in the initial phase. So in future it can also be launched on other big UPI platforms like PhonePe, Google Pay and Paytm.
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When will this facility be available?
According to the preparations of EPFO, the facility of PF withdrawal through UPI can be started within the next two to three months. At present, its technical framework is being prepared in collaboration with National Payments Corporation of India and work is going on testing the system. As soon as this process is completed. In the first phase, it can be launched for limited users or selected UPI apps.
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