New Delhi, April 24. The Employees’ Provident Fund Organization (EPFO) is preparing to offer a major benefit to its millions of subscribers. According to sources, a UPI-based system for withdrawing PF money may be launched by the end of May 2026.
To eliminate the weeks-long claim settlement time currently required, EPFO is rapidly working on its new digital framework ‘CITES 2.0’.
Once this facility is introduced, employees will be able to log into their UAN portal and receive money in real-time by simply entering their UPI ID, making the entire process extremely simple and transparent.
Although withdrawing money will now become easier, EPFO has set some important conditions keeping future social security in mind.
Under the new provisions, any employee will be able to withdraw a maximum of 75 percent of their total PF balance via UPI. The remaining 25 percent will be kept safe in the account to ensure savings for old age.
This withdrawal process will be entirely based on OTP authentication, eliminating any possibility of digital fraud and ensuring the money goes directly to the employee’s linked bank account.
Along with this major technological change, the government is also planning to introduce new social security schemes (EPF, EPS, and EDLI) for the year 2026.
Experts believe that the UPI facility will not only reduce claim rejections due to technical glitches but also bring accountability to the EPFO framework.
However, the official notification of this revolutionary step is still awaited, but this digital upgrade will prove to be a milestone for the entire banking and pension sector.
This will not only save time but also provide immediate relief to millions of employees during financial emergencies.
