The Employees’ Provident Fund (EPF) is a contribution-based savings scheme to provide financial security to employees post retirement. Both the employee and employer contribute towards this fund. The ...

In a significant development, Provident Fund members will soon be able to withdraw funds through UPI and ATM. A top government official said the Employees’ Provident Fund Organisation is set to ...

is set to introduce a revolutionary new system for Provident Fund (PF) withdrawals through Unified Payments Interface (UPI). The Labour and Employment Ministry has approved the recommendation of ...

EPFO plans to enable instant Provident Fund withdrawals via UPI and ATMs by May-June 2025, easing access for employees. The move is backed by the Ministry of Labour and Employment. The Employees’ ...

is set to introduce a revolutionary new system for Provident Fund (PF) withdrawals through Unified Payments Interface (UPI). The Labour and Employment Ministry has approved the recommendation of the ...

The upcoming launch of UPI and ATM-based PF withdrawals will mark a major milestone in India's digital financial transformation, promising unprecedented ease and speed for millions of working ...

However, a portion of the accumulated funds is typically earmarked for generating annuity payments rather than being fully available for withdrawal. A provident fund allows partial or full ...

A 12-digit number is issued to the employee by EPFO when he opens a PF account. This is called the Universal Account Number (UAN). Interestingly, EPFO allows employees to withdraw their EPF balance ...