EPFO Update – The amount deposited in a PF account is an employee’s savings, which can be used in difficult circumstances. Employees must follow several rules to withdraw PF. Successful withdrawals are achieved through a lengthy process.
The EPFO ​​is now launching a major facility for withdrawing PF funds. However, from January 2026, the EPFO ​​is about to make a significant change. The EPFO ​​is going to operate an ATM facility for its more than 80 million subscribers.
This will be a digital facility. Once launched, employees will be able to withdraw PF funds through ATMs and UPI. This will directly benefit employees. It is believed that this may be approved in the meeting to be held on October 10th and 11th.
Know what will change?
Currently, it takes several days to withdraw PF claims. Sometimes, PF claims are even cancelled due to an error. Sometimes, settlements take more than two weeks. But now, with the implementation of the new system, withdrawing EPF funds using an ATM card or UPI app will be as easy as withdrawing from a bank account.
This means that withdrawals will be possible just like with a bank account. A large number of people are expected to receive this service before Diwali. However, the technical setup and banking integration have not yet been completed. Therefore, the EPFO ​​has clarified that this service will be implemented from January 2026.
This service will be implemented during the New Year. The EPFO’s Central Board of Trustees will meet in Delhi. This meeting, held from October 10th to 11th, is a highly anticipated meeting. UPI and ATM services will be a major agenda item. A final decision may be made on integration with banking partners and the UPI network.
What benefits will this provide to employees?
If the EPF approves ATM and UPI services, then withdrawal of claims will be hassle-free. You’ll be able to withdraw your PF claim instantly. Additionally, you’ll be able to arrange cash for hospitalisation, weddings, or any other expenses. Transactions directly through UPI or ATMs will also bring transparency. This will be considered the biggest change in digitalisation.
When will the service be implemented?
For information, according to a report, there are approximately 80 million EPF account holders in India. This facility will be available to all account holders. Initially, the facility will be available in some major cities. It is expected to be implemented in January 2026.
