New Delhi, March 27 -- Come the end of May or June, India's provident fund (PF) subscribers will be able to withdraw money from their retirement kitties through UPI or ATMs, according to labour and employment secretary Sumita Dawra.

Once the integration of the UPI platform with the PF database is completed, subscribers will be able to view their PF balances on a UPI app and also withdraw up to Rs.1 lakh instantly, with transfers credited to their chosen accounts.

While Dawra offered no details on aspects such as whether Rs.1 lakh withdrawals would have an annual limit and if some reason will need to be cited and substantiated, the broad idea of granting people easier access to their saved-up funds is welcome.

Given the difficulties sub...