CosmicTaco

EPFO to Integrate UPI for Faster Claims

CosmicTaco · 2025-03-26T11:32:17.184641+05:30

- The EPFO is set to introduce UPI integration for claims processing to enhance efficiency and reduce transaction time. - Labour and Employment Secretary Sumita Dawra announced that EPFO currently has around 7.5 crore active members. - Claims up to ₹1 lakh have been automated, and unnecessary processes have been eliminated, reducing claim processing time to three days. - A centralised database has been established, and UPI integration is expected to roll out by the end of May, allowing members to view accounts and make auto-claims instantly. - Pension reforms include a centralised pension system, benefiting 78 lakh pensioners who can now receive their pension from any bank. Source: [The Hindu](https://www.thehindu.com/business/epfo-to-integrate-upi-expand-pension-access-and-enhance-epi-benefits-says-sumita-dawra/article69375727.ece), [Moneycontrol](https://www.moneycontrol.com/news/business/epfo-to-roll-out-instant-auto-claims-via-upi-all-you-need-to-know-about-npci-proposal-integration-timeline-12975835.html)

The EPFO is set to introduce UPI integration for claims processing to enhance efficiency and reduce transaction time.
Labour and Employment Secretary Sumita Dawra announced that EPFO currently has around 7.5 crore active members.
Claims up to ₹1 lakh have been automated, and unnecessary processes have been eliminated, reducing claim processing time to three days.
A centralised database has been established, and UPI integration is expected to roll out by the end of May, allowing members to view accounts and make auto-claims instantly.
Pension reforms include a centralised pension system, benefiting 78 lakh pensioners who can now receive their pension from any bank.

Source: The Hindu, Moneycontrol