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EPFO plans instant UPI withdrawals for faster claim settlement
EPFO may soon enable instant UPI withdrawals to speed up provident fund claim settlements.
EPFO is planning to introduce instant UPI based withdrawals to significantly reduce claim processing time for subscribers across India. Officials indicated the system aims to enable faster credit of provident fund claims directly into verified bank accounts. The proposal is expected to streamline settlements, minimize paperwork, and enhance digital efficiency. Subscribers are awaiting official launch timelines and detailed implementation guidelines from authorities.