Rohitaashv Sinha: UPI for EPF Withdrawals to Boost Financial Inclusion

In a major step towards financial inclusion, EPF withdrawals will soon be enabled via UPI within the next three months.

Commenting on this development, Rohitaashv Sinha stated, “The inclusion policy of UPI technology will enable members in remote areas to benefit from transaction simplicity, which supports the Pradhan Mantri Jan Dhan Yojana.” He further emphasized that this move would enhance EPFO’s capability to fulfill its statutory duties while improving operational efficiency.

This transition to UPI-based withdrawals aligns with the government’s digital push, ensuring faster and more accessible financial transactions for EPF members across the country.

Read more in this article by Financial Express: https://www.financialexpress.com/money/epf-withdrawals-via-upi-in-3-months-3754405/