Reports suggest that the Employees’ Provident Fund Organisation (EPFO) is working with the National Payments Corporation of India (NPCI) to allow members to withdraw PF funds through the BHIM app.
This would be possible for approved purposes such as medical emergencies, education, housing, or marriage.
Once the request is approved, the money could be credited instantly to the member’s UPI-linked bank account, just like a regular UPI transfer.
This would drastically reduce the current waiting period, where PF withdrawals can take several working days to reach beneficiaries.
How Much PF Money Can Be Withdrawn?
Although some reports suggest “all PF money” may be accessible via BHIM, experts say the rollout will likely be phased.
Initially, EPFO may allow only partial or advance withdrawals with transaction limits.
These limits may depend on UPI caps set by the Reserve Bank of India (RBI).
Full PF withdrawals, usually available after retirement or prolonged unemployment, will likely continue under the existing system until the new setup is fully operational.
When Will This Facility Be Available?
EPFO has not announced an official launch date yet.
However, reports indicate that the feature could roll out in the coming months as a pilot on the BHIM app.
Over time, it may also expand to other UPI platforms.
Why This Is Important
If implemented, this initiative could be a game-changer for India’s workforce.
Employees would get faster access to their PF savings, face less paperwork, and experience seamless digital transfers.
Essentially, it would make withdrawing PF funds almost as simple as sending a UPI payment, marking a major step forward in modernising EPFO services.
