Step-by-step process to withdraw EPF money from UPI, see here
The Employees Provident Fund Organization (EPFO) is soon going to provide the facility to EPF subscribers to withdraw PF amount through UPI. In the next 2 to 3 months, money can be withdrawn through apps like Paytm, Google Pay, PhonePe etc.
The Employees Provident Fund Organization (EPFO) is preparing to provide a new facility to its customers soon. EPF subscribers will now be able to withdraw their money through UPI soon.
EPFO can now transfer PF amount directly to your bank account from home through apps like Paytm, Google Pay, PhonePe etc. This facility will benefit crores of EPFO customers.
According to reports, this facility can be started in the next 2 to 3 months for UPI integration of EPFO. With this facility of EPFO, it will take less time for you to withdraw PF amount anywhere and it will also be easy.
How to withdraw money from UPI?
The facility of withdrawing PF amount through UPI has not started yet. But we will tell you how to withdraw money through it.
First of all, download Paytm, PhonePe, Google Pay etc. apps in your phone and link your bank. Open this app and find the option of 'EPFO Withdrawal', this option will appear when this facility starts. Now enter your UAN number, in this you can withdraw all or some amount of PF. Some money means as per the rules of EPFO for medical emergency, home loan repayment or education expenses. After this, enter the amount you want to withdraw and proceed with the process. An OTP will come on your registered phone number, enter it and confirm the transaction. After this, your PF money will come to your bank account or digital wallet.
KYC of PF account must be completed
Let us tell you that to withdraw PF money, it is necessary to complete the KYC of the PF account. KYC includes your Aadhaar, PAN and bank account information. You can get information online whether your KYC is complete or not. For this, you have to login to your PF account and for more information, you have to visit the official website of EPFO, epfindia.gov.in.
PC:Economictimes