EPF Withdrawals via UPI to Start Soon for Faster Access

The government is working on a new feature that will allow Employees’ Provident Fund (EPF) subscribers to withdraw their funds using the Unified Payments Interface (UPI). This move aims to make fund transfers faster and more convenient for members.

EPF to Be Linked with UPI Soon

The Employees’ Provident Fund Organisation (EPFO) has developed a plan to enable EPF claim processing through UPI. Discussions are underway with the National Payments Corporation of India (NPCI) to introduce this feature within the next 2 to 3 months. Once implemented, subscribers will be able to receive their claims directly in their digital wallets, making withdrawals easier.

Enhancing Accessibility for 7.4 Million Subscribers

This initiative is part of EPFO’s broader efforts to improve accessibility and efficiency for its 7.4 million members. In collaboration with commercial banks and the Reserve Bank of India (RBI), the labour ministry is upgrading EPFO’s digital systems to simplify claim processing.

Major Reforms to Improve Service Delivery

Over the past 6 to 7 months, the EPFO has introduced several changes to improve pension services, speed up provident fund claim processing, and enhance its IT infrastructure. According to Labour Secretary Sumita Dawra, these efforts have already improved service delivery for millions of EPF members and pensioners, with more enhancements expected soon.

Record Number of Claims Processed

In the current financial year (FY25), EPFO has processed claims for over 50 million subscribers—the highest ever—disbursing more than ₹2.05 lakh crore. In comparison, 44.5 million claims worth ₹1.82 lakh crore were settled in FY24.

Auto claim settlements, which are completed within 3 days, have also increased significantly. In FY25, 18.7 million claims were settled through this process, up from 8.95 million in FY24.

Simplified Transfer Claims and Direct Member Submissions

Labour & Employment Minister Mansukh Mandaviya recently highlighted that only 8% of transfer claims now require approval from both members and employers. Additionally, 48% of claims are now submitted directly by members, and 44% of transfer requests are processed automatically.

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