EPFO Update: The Employees’ Provident Fund Organisation (EPFO) is preparing to launch a major and convenient facility for its millions of members. In the near future, employees will be able to withdraw money from their PF accounts directly through ATMs and UPI. This facility has been under discussion for quite some time, and now a potential timeline has also emerged.
Union Minister Provides Information
Union Minister of Labour and Employment, Mansukh Mandaviya, provided information about this scheme in a conversation with the media. He said that the government wants employees to have easy and quick access to their PF money. The minister clearly stated that PF is the hard-earned money of the employees and there should be no unnecessary obstacles in withdrawing it. According to him, the facility for PF withdrawal through ATM and UPI could be launched before March 2026.
Read Here: Secret WhatsApp Trick: Keep Your WhatsApp Chats Private with This Hidden Feature
Current PF Withdrawal Process
Currently, employees have to file an online or offline claim to withdraw PF. After this, the documents are verified, and then the money is transferred to the bank account. Sometimes, this process gets delayed due to technical or administrative reasons.
Benefits of the New System
The new ATM and UPI-based withdrawal system will make PF withdrawal much easier and faster. Under this system, the PF account will be linked to the employee’s bank account, which is already linked to Aadhaar and UAN. After the implementation of this system, a separate option related to PF will be available in the debit card and ATM network. This will allow employees to directly access their PF funds. The Union Minister also informed that according to the existing rules, employees can withdraw up to 75 percent of their PF balance. No specific reason is required for this.
Read Here: Crypto Crash Recovery, Bitcoin Returns to $87,500, Check Ethereum, Pi Coin and Solana Prices
Recent Changes in PF Withdrawal Rules
The Central Board of Trustees made several changes to the rules related to PF withdrawal in its October 2025 meeting. Now, up to 75% of the total deposit can be withdrawn partially. The minimum service period for advance withdrawal has been reduced to 1 year. A waiting period of 12 months has been set for complete PF withdrawal. What the government says:
The government believes that these changes will make the PF-related process simpler, faster, and more transparent. This will give employees better control over their money and allow them quick access to funds when needed.