EPFO Instant PF Advance via BHIM App: Details
Why in the news
EPFO said members would soon take PF advances instantly on BHIM, part of a wider digital upgrade for easier access.
How it works
- Log in to BHIM.
- File an advance request for permitted needs such as medical expenses, education or emergencies.
- EPFO verifies the claim digitally.
- Money lands instantly in the UPI-linked account.
Exam angle
- Partner: National Payments Corporation of India (NPCI); payment bank: State Bank of India.