New Delhi, March 25 -- In a groundbreaking development for India's workforce, the Employees' Provident Fund Organisation (EPFO) is set to introduce a revolutionary new system for Provident Fund (PF) withdrawals through Unified Payments Interface (UPI).

The Labour and Employment Ministry has approved the recommendation of the National Payments Corporation of India (NPCI), an umbrella organisation that operates retail payments and settlement systems in India.

Speaking exclusively with ANI, Sumita Dawra, Secretary of the Ministry of Labour and Employment, revealed that PF members will soon be able to withdraw funds through UPI and ATM by the end of May or June this year.

Dawra said that by May-end or June, members will experience a transf...