'EPF money withdrawal via UPI by April', Pg18

Key Highlights:

• EPFO subscribers can withdraw EPF directly to bank accounts via UPI by April.
• The new UPI payment gateway aims to streamline and expedite fund withdrawals.

Detailed Insights:

• The introduction of UPI for EPF withdrawals will enhance ease of access and reduce processing time.
• This initiative aligns with the broader push for digitalization and financial inclusion.
• The move is expected to benefit millions of EPFO subscribers nationwide.

Key Concepts Involved:

• EPF: A mandatory contribution scheme for employees' retirement savings.
• UPI: A real-time payment system for instant fund transfers between bank accounts.
• EPFO: The organization that manages provident fund accounts in India.