If you have ever tried to withdraw money from your EPF account, you probably remember the feeling. You were technically allowed to take the money out, but the process made you wonder if it was worth ...
One of the biggest changes under EPFO 3.0 is the ability to withdraw PF funds through UPI or directly from an ATM.
Currently, EPFO members must apply manually to withdraw funds, a process that can be time-consuming. The organisation already operates an auto-settlement system for claims under Rs 5 lakh, which ...
EPFO Update: PF withdrawal via UPI to be a reality soon – Check step-by-step guide to withdraw money
A major digital revamp for the Employees’ Provident Fund Organisation (EPFO) is set to take place with the rollout of EPF 3.0. The new system is reportedly expected to be introduced later this year ...
India Today on MSN
EPF withdrawal via UPI and ATMs coming soon. All you need to know
Many times, employees struggle with EPF withdrawals owing to frequent claim rejections. According to the EPF annual report ...
The labour ministry and EPFO are currently addressing software and system integration challenges. If implementation proceeds ...
The source stated that members will be able to use their linked UPI PIN to complete transactions, ensuring secure and seamless transfers.
The Employees’ Provident Fund Organisation (EPFO) is ready to roll out a new phase of reforms, termed EPFO 3.0. These changes include a complete overhaul of its website to make it more user-friendly.
Newspoint on MSN
EPFO members can withdraw EPF money through UPI by Apr
New Delhi | EPFO subscribers will be able to withdraw their employees' provident fund (EPF) directly to their bank accounts through UPI payment gateway by April this year, a top source has said. The ...
Employees' Provident Fund Organisation has updated its withdrawal rules. The auto-settlement facility now processes claims faster, often within three to four days. Withdrawal limits have increased to ...
As the serviceable tenure is less than 5 years, your withdrawal will be taxable. You can expect a TDS of 10% on that but ...
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