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The Employees' Provident Fund Organisation (EPFO) is set to revolutionise how India's salaried workforce accesses their retirement savings. Under the ambitious EPFO 3.0 upgrade, members will soon be able to withdraw their Provident Fund (PF) balance instantly via UPI — without filing manual claims or waiting days for approval.

Union Labour Minister Mansukh Mandaviya officially announced this update, confirming that UPI-based PF withdrawals are expected to go live by April 2026, as part of a phased rollout. EPFO is actively working with the National Payments Corporation of India (NPCI) to ensure seamless technical integration.

Under the new system, members can withdraw up to 75% of their eligible PF balance directly into their UPI-linked bank account — instantly, using just their UAN and Aadhaar-based OTP. A mandatory 25% minimum balance will be retained in the account to protect long-term retirement savings, which continues to earn interest at 8.25% per annum.

The move eliminates the current multi-step claim process, which often causes delays due to verification backlogs. With over 8 crore active EPFO members and 5 crore claims processed annually, this upgrade is a massive step toward digital financial inclusion in India.

Nifty 50 is expected to open flat to slightly weak on April 7, 2026, as mixed global cues and sustained FII selling continue to weigh on market sentiment.

On April 6, the Nifty 50 closed around 22,609, down nearly 0.46% from the previous close of 22,713. The index opened at 22,780 but failed to hold gains, slipping to an intraday low of 22,591 — reflecting a lack of strong buying conviction.

Gift Nifty, trading near 22,540, is indicating a cautious to negative start for domestic markets. The global backdrop remains uncertain, with US markets showing mixed signals amid ongoing geopolitical concerns and trade tariff jitters.

Key levels to watch:

• Support: 22,400 – 22,500

• Resistance: 22,750 – 23,000

FII outflows remain a concern, while Domestic Institutional Investors (DIIs) continue to provide support at lower levels. India VIX remains elevated, signalling volatility.

Traders should exercise caution and avoid aggressive positions at open. Watch for the first 15-minute price action — a sustained move above 22,700 could bring buyers back; a break below 22,400 may extend the weakness.

Disclaimer: This is a market prediction for educational purposes only. Please consult your financial advisor before making investment decisions.