EPFO members may soon be able to withdraw provident fund savings through UPI NEW DELHI: The much-awaited UPI withdrawal facility for nearly 30 crore Employees Provident Fund Organisation (EPFO) members is set to make its debut by the first week of July. The instantaneous advance withdrawal facility via the BHIM (Bharat Interface for Money) app will allow members to submit an advance claim under any “permissible category” to dip into their provident fund (PF) corpus and meet any exigency.Currently, an online advance claim in auto-mode under Rs 5 lakhs still takes at least 3 working days to settle, with more time needed to settle bigger amounts.Subscribers may be able to instantly withdraw up to 75% of their EPF balance, on the lines of the reforms done in the withdrawal process last year. Separately, the finance ministry has approved the 8.25% interest rate for nearly seven crore active members for financial year 2025-26, recommended by the Central Board of Trustees. The interest amount is expected to be credited to subscribers’ accounts later this month.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosExplained: India’s Telegram Ban Ahead of NEET Re-Exam; Necessary Step or Pointless Move?Football Legend’s Kolkata Tour Mismanagement Still Under Scanner; Accountability Questions GrowHow Jewar Airport Changed The Region: MLA Dhirendra Singh On Jobs, Investment And GrowthPunjab CM Bhagwant Mann Claims Forensic Reports Vindicate Him In ‘Sacrilege’ Video RowUBT Crisis Deepens as Raut Claims Rebel MPs Got More Cash and Moved to Safe LocationBJP Leader Burnt Alive, 2 Others Killed Over Sand Mining Clash In ChhattisgarhCalcutta High Court Refuses Interim Relief to TMC, Ritabrata Banerjee Stays Leader of OppositionSix Shiv Sena (UBT) MPs Stay Away From Delhi Meet, Uddhav Camp on Edge As Defection Buzz IntensifiesVaiko-Vijay Meetings Trigger Buzz Over MDMK’s Future In Tamil Nadu’s Changing PoliticsModi-Starmer Confirm July 15 Launch Of Trade Pact Projected To Boost Bilateral Commerce123Photostories9 high-protein air fryer snacks for office tiffinThere are only 4 American states that start with the letter ‘A’; here’s why they’re famous among travellers5 famous Vande Bharat train routes in North India: Travel time, destinations and fareFrom Langra to Bombay (which has no Mumbai connection): Famous mangoes of India and why they are called soSkip the crowds and explore this offbeat mountain escape with rainbow viewsJapanese proverb of the day: “Life without endeavour is like entering a jewel mine and coming out…”5 relationship myths that can easily destroy a marriageCould these small changes be Alzheimer’s? Doctors share the signs families often missCan’t sleep? American neurosurgeon shares 5 simple tips that actually workMorning puffy face: Expert says it might be a sign of inflammation – how to fix it123Hot PicksAaron Rodger ExCA TopperLionel MessiVaibhav SooryavanshiKannur University FYUGP TrialNFL Trade RumorsThomas TuchelWBJEE admit cardMP board second resultTop TrendingCristiano RonaldoIshan KishanShubham GillFIFA World Cup 2026What is Legacy BadgeDownload Optifine for Minecraft 26.2Aman SangerCBSE 10th Second Board Result 2026Eknath ShindeDevajit Saikia

EPFO members may soon be able to withdraw provident fund savings through UPI NEW DELHI: The much-awaited UPI withdrawal facility for nearly 30 crore Employees Provident Fund Organisation (EPFO) members is set to make its debut by the first week of July. The instantaneous advance withdrawal facility via the BHIM (Bharat Interface for Money) app will allow members to submit an advance claim under any “permissible category” to dip into their provident fund (PF) corpus and meet any exigency.Currently, an online advance claim in auto-mode under Rs 5 lakhs still takes at least 3 working days to settle, with more time needed to settle bigger amounts.Subscribers may be able to instantly withdraw up to 75% of their EPF balance, on the lines of the reforms done in the withdrawal process last year. Separately, the finance ministry has approved the 8.25% interest rate for nearly seven crore active members for financial year 2025-26, recommended by the Central Board of Trustees. The interest amount is expected to be credited to subscribers’ accounts later this month.Get the latest India news and live updates. Download the TOI App.End of ArticleFollow Us On Social MediaVideosExplained: India’s Telegram Ban Ahead of NEET Re-Exam; Necessary Step or Pointless Move?Football Legend’s Kolkata Tour Mismanagement Still Under Scanner; Accountability Questions GrowHow Jewar Airport Changed The Region: MLA Dhirendra Singh On Jobs, Investment And GrowthPunjab CM Bhagwant Mann Claims Forensic Reports Vindicate Him In ‘Sacrilege’ Video RowUBT Crisis Deepens as Raut Claims Rebel MPs Got More Cash and Moved to Safe LocationBJP Leader Burnt Alive, 2 Others Killed Over Sand Mining Clash In ChhattisgarhCalcutta High Court Refuses Interim Relief to TMC, Ritabrata Banerjee Stays Leader of OppositionSix Shiv Sena (UBT) MPs Stay Away From Delhi Meet, Uddhav Camp on Edge As Defection Buzz IntensifiesVaiko-Vijay Meetings Trigger Buzz Over MDMK’s Future In Tamil Nadu’s Changing PoliticsModi-Starmer Confirm July 15 Launch Of Trade Pact Projected To Boost Bilateral Commerce123Photostories9 high-protein air fryer snacks for office tiffinThere are only 4 American states that start with the letter ‘A’; here’s why they’re famous among travellers5 famous Vande Bharat train routes in North India: Travel time, destinations and fareFrom Langra to Bombay (which has no Mumbai connection): Famous mangoes of India and why they are called soSkip the crowds and explore this offbeat mountain escape with rainbow viewsJapanese proverb of the day: “Life without endeavour is like entering a jewel mine and coming out…”5 relationship myths that can easily destroy a marriageCould these small changes be Alzheimer’s? Doctors share the signs families often missCan’t sleep? American neurosurgeon shares 5 simple tips that actually workMorning puffy face: Expert says it might be a sign of inflammation – how to fix it123Hot PicksAaron Rodger ExCA TopperLionel MessiVaibhav SooryavanshiKannur University FYUGP TrialNFL Trade RumorsThomas TuchelWBJEE admit cardMP board second resultTop TrendingCristiano RonaldoIshan KishanShubham GillFIFA World Cup 2026What is Legacy BadgeDownload Optifine for Minecraft 26.2Aman SangerCBSE 10th Second Board Result 2026Eknath ShindeDevajit Saikia


Withdraw PF via UPI from July, 8.25% interest gets nod
EPFO members may soon be able to withdraw provident fund savings through UPI

NEW DELHI: The much-awaited UPI withdrawal facility for nearly 30 crore Employees Provident Fund Organisation (EPFO) members is set to make its debut by the first week of July. The instantaneous advance withdrawal facility via the BHIM (Bharat Interface for Money) app will allow members to submit an advance claim under any “permissible category” to dip into their provident fund (PF) corpus and meet any exigency.Currently, an online advance claim in auto-mode under Rs 5 lakhs still takes at least 3 working days to settle, with more time needed to settle bigger amounts.Subscribers may be able to instantly withdraw up to 75% of their EPF balance, on the lines of the reforms done in the withdrawal process last year. Separately, the finance ministry has approved the 8.25% interest rate for nearly seven crore active members for financial year 2025-26, recommended by the Central Board of Trustees. The interest amount is expected to be credited to subscribers’ accounts later this month.



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