Srinagar, March 25 -- The Labour and Employment Ministry has approved the proposal, which was recommended by the National Payments Corporation of India (NPCI), the body overseeing India's digital payments ecosystem. This move aligns with the government's broader vision of "ease of living" and financial inclusion through digital transformation.

Sumita Dawra, Secretary, Ministry of Labour and Employment, revealed that once implemented, members will be able to view their PF balance on UPI platforms, withdraw up to Rs.1 lakh instantly, and even select their preferred bank account for direct transfers. The system will work seamlessly with ATMs, offering flexibility in fund withdrawals like never before, ANI quoted her as saying.

Additionally...