Labor and Employment Ministry Secretary Sumita Dawra said on Monday that UPI is being integrated in the processing of claims. Once the UPI integration process is completed, the money will come to the claimant’s account with one click. Talking about this, Dawra said that currently EPFO ​​has around 7.5 crore active members who are maintaining their PF accounts and also putting money in the pension fund. The Labor Secretary emphasized that EPFO ​​has established a centralized database for the first time. He said, ‘Our next step is to connect UPI to the system. We have received suggestions from the National Payments Corporation of India (NPCI) and we have sent the proposal of UPI integration to EPFO ​​for consideration.’

EPFO has taken several steps

Dawra said that EPFO ​​is moving fast from digitization to automation for the convenience of members and many major works have been completed. He said, ‘We have done a lot of work in this regard. Claims up to Rs 1 lakh have been automated. At the same time, customers have also been given the facility to correct mistakes themselves. Also, unnecessary processes have also been removed. Apart from these, we have integrated the database due to which the claim processing time has come down to just three days.’

Our next step is to integrate UPI into the system. We have received suggestions
 from the National Payments Corporation of India (NPCI) and have sent the
 proposal for UPI integration to EPFO ​​for its consideration. -Sumita Dawra, 
Secretary, Ministry of Employment and Labour

Claim disbursal from UPI expected to start by June

Regarding UPI integration, he expressed hope that UPI payments will start by June. Dwara said that after necessary testing, by the end of May, EPFO ​​will be able to use UPI for disbursement of claims. This will benefit all members as they will be able to see EPFO ​​accounts on the UPI interface itself and will be able to make auto claims from there. If the members meet the criteria, their claim approval process will also be completed quickly. This will ensure immediate transfer of money to their accounts. Dwara said that it will take two to three weeks for the centralized database to be up and running. After that, the work of UPI integration will begin.

The Ministry of Labor and Employment is also engaged in making arrangements to ensure that pension money is easily available. Dawra said, ‘There are currently 78 lakh pensioners in EPFO. Earlier, pension money was given only through a few banks. Last year, we sought advice from the Reserve Bank (RBI) and now we have implemented the centralized pension system. Now people are withdrawing pension from any bank.’

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Private sector ICICI Bank customers will now be able to do UPI transactions with their RuPay credit cards. This service has been started by the bank from December 1, 2023. Now customers can make UPI payments by linking their ICICI RuPay Credit Card to any UPI app including PhonePe, GooglePay and Paytm.

To whom do you pay? 

According to the information given by ICICI Bank, any person can transfer money from his RuPay credit card only from person to merchant. That means you can use it only for shopping. If you cannot transfer money to any person through this. 

How to make UPI payment through ICICI Rupay Credit Card?

To make payment through ICICI RuPay Credit Card, first of all you have to link your credit card through UPI app. After this, you can easily go to any merchant QR code and transact through UPI PIN. 

How to link ICICI Rupay Credit Card with UPI?

You can easily link ICICI Bank RuPay Credit Card to the UPI app. 

• For this, first of all you have to download the iMobilePay app of ICICI Bank. After this, open the app and go to ‘UPI Payment’. After this go to ‘Manage’ tab. 
• Now go to ‘My Profile’ and click on Create New UPI ID. 
• Select RuPay Credit Card here. Click on its procedure. After this, you can set the PIN and do UPI transaction. 

Transactions can be done with Rupay credit cards of these banks

Apart from ICICI Bank, you can also easily do UPI transactions using RuPay credit cards of Axis Bank, Kotak Mahindra Bank, SBI Card, HDFC Bank, ICICI Bank, Yes Bank, Bank of Baroda and Punjab National Bank. 

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Now the Ministry of Finance has given relief information. The ministry said that the government is not considering levying any charge on the UPI payment service.

The Finance Ministry tweeted, “UPI is one such digital platform which is highly convenient for the public and has a major contribution to the economy. No charges are being considered for the UPI payment service. Other options will be considered for cost recovery for service providers.”

UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services. The concerns of the service providers for cost recovery have to be met through other means. (1/2)

— Ministry of Finance (@FinMinIndia) August 21, 2022

What is UPI
Let us tell you that UPI is a real time payment system, which allows instant transfer of money from one bank account to another bank account. The special thing is that you can transfer money through UPI anytime, night or day.

How UPI System of Money Transfer Works Using the UPI facility is quite easy. For this, you have to download any UPI app like Paytm, PhonePe, Google Pay, BHIM etc. in your mobile. You can use this system by linking your bank account with the UPI app. Through UPI, you can link one bank account with multiple UPI apps. At the same time, multiple bank accounts can be operated through one UPI app.

The post UPI Payment New Charges: Big News! Government issued a new order regardingc, UPI service will be free, Check details Immediately first appeared on Rightsofemployees.com.

But, after the introduction of UPI, now sitting at home, you can pay the premium of LIC in one click. LIC has given the facility of online payment gateway to its users. In this, you can renew the policy by paying your premium through the portal. Registered users of LIC can avail this facility.

Complete process of payment from website

To pay LIC premium online, first visit the official website. After this, click on the ‘Pay Premium Online’ link on the website. After this, the list of policies for which payment is due will appear in front of you. The user will have the choice to choose the policy for which he wants to pay the premium. After this you will be redirected to a page. Here you will find payment options of many banks and login pages of some selected banks. Bank’s site You can login using your net banking login id and password. You can make your payment once you are logged in. Once the payment is done, you will get an e-receipt.

Pay with UPI apps like this

You can also pay LIC premium through UPI apps like Google Pay, Paytm, Phone Pay. To pay premium through Google Pay, first download the Google Pay app from Play Store. After this create your Google Pay account. The option of ‘Pay Bills’ will appear in front of you in Google Pay. Scroll down to it and click on ‘View All’ option. After this tap on Insurance. Many options will come in front of you. You select LIC. Enter your policy number, email id and link the account. After this, click on the Proceed to Pay option to make the payment. Now select your bank and enter UPI ID. After this, make your payment by entering the UPI PIN.

Apart from Google Pay, this process is also followed in other UPI apps ie Phone Pay and Paytm. Let us tell you that if you want, you can make someone a nominee in your policy of LIC. If anything happens to the policy holder, then the nominee gets the benefit of the policy.

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