Information has already come out that EPFO deposits will soon be available for withdrawal through ATMs. Now, EPFO subscribers are set to receive even more benefits. They will also be able to withdraw money using UPI apps like PhonePe and Google Pay, making PF withdrawal easier than ever. In this article, we will share all the details about instant PF withdrawal through GPay and PhonePe.

EPFO to Enable UPI Withdrawals Soon

According to a report by Financial Express, EPFO plans to introduce this service within the next two months. Discussions are ongoing with NPCI, and a blueprint has already been prepared. Once launched, users will be able to withdraw PF funds seamlessly through Google Pay, PhonePe, and Paytm.

Current Withdrawal Process vs. UPI Withdrawal

At present, customers can only withdraw money through bank transfers, which take a few days to process. However, with UPI withdrawals, funds will be credited instantly, offering relief during financial emergencies.

How Will the UPI EPF Facility Help?

  • Instant Transactions – Unlike the current 2-3 working days, UPI transactions will be settled immediately.
  • Simplified Process – No need for extensive banking details or verification.
  • Multiple Payment Options – Subscribers can use PhonePe, GPay, BHIM, and Paytm for direct withdrawals.
  • No Waiting for Bank Transfers – Funds will be credited in real-time, eliminating the delays of NEFT or RTGS.

EPFO is continuously upgrading its IT systems to ensure smooth and hassle-free transactions once this facility is launched.