You will be able to withdraw PF money through UPI: New system will be launched by April, with this you will be able to get money immediately at the time of need.

About 8 crore subscribers of Employees Provident Fund Organization (EPFO) will get the facility to withdraw PF money through UPI (Unified Payments Interface). The central government is preparing a system through which PF members will be able to withdraw their money directly through UPI.

The Union Labor Ministry is working on this project and it is targeted to roll it out by April 2026. With the introduction of this facility, the long process of claim settlement will end and members will be able to get the funds immediately.

Money will be transferred to bank account as soon as you enter UPI PIN.

EPFO is removing the flaws in the software Currently, to withdraw PF, members have to fill online or offline claim form, which takes a lot of time. Although EPFO ​​has started auto-settlement mode, it also takes at least 3 days. According to sources, EPFO ​​is currently busy in resolving some technical problems related to the software. As soon as it is fixed, 8 crore members will get direct benefits.

After leaving the job, you can withdraw 75% of your PF money after one month. Under the rules of PF withdrawal, if a member loses his job then he can withdraw 75% of the money from the PF account after 1 month. With this he can fulfill his needs during unemployment. The remaining 25% deposited in PF can be withdrawn two months after leaving the job.

PF withdrawal income tax rules If an employee completes 5 years of service in a company and withdraws PF, then there is no income tax liability on him. The period of 5 years can also be by combining one or more companies. It is not necessary to complete 5 years in the same company. The total period must be at least 5 years.