How will EPFO’s new system work?
EPFO does not have a banking license, so money will be transferred only through banks, UPI will be just a fast and secure platform, all transactions will be as per RBI rules. That means convenience as well as security. This change is a continuation of the previous reforms of EPFO. Till now, the claim limit in cases like auto settlement, medical, marriage, education, house etc. has been increased to Rs 5 lakh. Partial withdrawal rules were relaxed in October 2025. The UPI system will take these reforms one step further.