EPFO Unlocks Instant PF Access with UPI, ATM & ₹1 Lakh Auto Claims
EPFO Major Reforms: Instant PF Transfers, UPI Withdrawals, and Auto Claims up to ₹1 Lakh . With the smarter, faster, and more secure features in digitization, the Indian retirement funds establishment has gone digital with employee benefits.
No Approval in Future for PF Transfers from Employer
Boldly working to simplify employee movement, EPFO has removed the requirement for employer verification of PF transfers under Aadhaar-verified UANs. As per India Today, this reform will eliminate delays caused by the inaction of the employer and give greater power to employees over their funds.
Online Corrections: No Visits to EPFO Office
As reported by Outlook Money, whether it is a misspelled name or an incorrect birthdate, all corrections to personal details such as name, date of birth, etc., will now be allowed to be performed online by the users if their UAN is linked to Aadhaar. The employees can take these corrections from the comforts of their home, getting rid of long waits at the EPFO branches.
EPFO Retains 8.25% Interest for 2024-25: Check Your PF Balance Now!
Advance Claim Limit Doubled: ₹1 Lakh Now Gets Auto-Approved
Another great boon to the customer in urgent need of funds-the limit for PF advance claim auto settlement was increased by the EPF Organization to ₹100,000. These advances may be claimed for important purposes like a marriage, education, or housing, with the benefit of quicker realization without manual verification.
EPFO Breakthrough: Instant PF Transfers And UAN Reforms for All
UPI and ATM PF Withdrawals to Come in by June 2025
The hallmark facility of UPI and ATM-based PF withdrawals was made possible due to EPFO by mid-2025. This modernization would now let the members access their retirement funds just as they do nowadays by withdrawing from a savings account–any time, from anywhere.
Claim Processing Steps Reduced for Speedier Settlements
EPFO, according to ClearTax, reduced claim processing steps from 27 to just 18 while aiming for a reduction to 16 soon. This translates to speedy settlements and much smoother experiences for the users.
EPFO 3.0 Explained: How You Can Now Withdraw Pension & PF from Any Bank
KYC Gets Easy: No Checkout Leaf Needed
While KYC-verified members’ UANs need to be established no cheque leaf submission for bank verification, this will expedite the whole acceptance procedure of EPFO.
Facial Recognition and Bulk UAN Generation Now in Place
EPFO has now utilized facial recognition for UAN creation and portfolio services, adding another layer of security. Moreover, a bulk UAN generation facility will now enable organizations to onboard multiple employees, efficiently using existing data.
Broader Bank Network Set up for Speedy Payment
With the inclusion of 15 more banks, EPFO’s recent partnership gives it a total of 32. This means faster processing and payment reliability across the country.
With these advanced upgrades, EPFO is not only modernizing India’s pension system; it is creating a benchmark globally in digital financial services.
