The Employees’ Provident Fund Organisation (EPFO) in India is gearing up to introduce Unified Payments Interface (UPI) payments for quicker settlements of claims up to Rs 1 lakh. This move is expected to revolutionize the withdrawal process by significantly reducing the settlement time from days to mere minutes, offering enhanced accessibility and efficiency for EPFO subscribers. By integrating UPI payments, EPFO is taking a significant step towards digitizing and simplifying the withdrawal experience for its members. This upgrade aligns with the government’s push for digital payments and financial inclusion, making it convenient for individuals to access their EPF funds seamlessly. Stay tuned for more updates on this development that is set to benefit millions of EPFO members across the country.