New Delhi, Jan. 10 -- The Employees' Provident Fund Organisation (EPFO) is set to introduce an instantaneous advance withdrawal facility for its over 30 crore subscribers through the BHIM app within the next two to three months.

The move, part of EPFO's broader digital overhaul, aims to provide members with faster and more flexible access to their provident fund corpus, which currently stands at over Rs 26 lakh crore, TOI reported.

Under the new facility, EPFO members will be able to submit advance claims for permissible purposes such as health, education, or special circumstances directly via the BHIM app.

Once a claim is filed, it will be verified and authenticated by EPFO at the backend. Upon approval, the sanctioned amount will be ...