New Delhi, Feb. 14 -- Retirement fund body Employees' Provident Fund Organisation (EPFO) is set to introduce a new facility whereby subscribers will be allowed to withdraw part of their provident fund money in real time using the UPI method, recent reports have said.

According to the reports by PTI and CNBC TV18, EPFO subscribers will be able to withdraw their PF money through UPI, which will then directly be transferred to their bank accounts, making the process smooth and hassle-free and ending the decades-long way of waiting for your provident fund money to show up in your account.

The labour ministry is working on a project under which a certain amount of PF money will be frozen, and members will be able to see a large chunk of thei...