New Delhi: If your PF money is deducted, the employees can soon get a big relief. Now, PF employees will be able to withdraw money using UPI. This will give a big benefit to EPF subscribers. The tension of claiming will end. This facility can be started by EPFO within two or three months.
This EPFO facility will take less time and will also be easy to access. Money can be withdrawn with the help of apps like UP,I i.e. Google Pay, Phone Pay and Paytm.Currently,,w EPFO has not officially said anything about the date of implementation of this service, but media reports are claiminthat it will be in g the next two to three months.
How can you withdraw money? from UPI
PF account holdecan to withdrawthe PF amount easily through UPI, at there will be no problem. However, the service has not been started yet. First of all, PF employees will have to download Paytm, PhonePe, Google Pay, etc., apps on their phones. Then open the app and find the option for EPFO Withdrawal.
When this facility is started, this option will be visible. You will need to enter your UAN number. You can withdraw the entire PF amount or some amount. Some amount includes medical emergencies, home loan repayments, or education expenses as per EPFO rules.
Then enter the amount you want to withdraw and proceed with the process. An OTP will be sent to your registered phone number. You will have to confirm the transaction by listing the OTP.
E-KYC of the PF account is mandatory
For information, let us tell you that it is very important to have KYC of PF account. KYC also includes your Aadhaar, PAN and bank account information. You can check online whether KYC is complete or not. In this, you will have to login to the PF account. In addition, for more information, you must visit the official EPFO website, epfindia.gov.in.