EPFO New Facility: If you are a PF account holder, this news could be very important for you. Everyone wants to be financially secure. For this, people work hard and meet their daily needs. Along with this, saving for the future is also essential. For example, salaried employees deposit money in their PF accounts, which remains secure for their future.
However, sometimes there is a sudden need for money. At such times, people want to withdraw money from their PF accounts. Now, to make this process even easier, a facility to withdraw money from PF accounts through UPI is coming soon. Let’s learn about this in detail.
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When will this benefit be available?
This facility is likely to be implemented for PF account holders from April 2026. This will benefit more than 8 crore PF members in the country.
Which app can be used to withdraw money?
You will be able to use the BHIM app to withdraw money from your PF account. Two types of balances will be displayed on the app: ‘Eligible Balance’ and ‘Minimum Balance’. ‘Eligible Balance’ will be the amount that you can withdraw immediately. ‘Minimum Balance’ will be the 25 percent amount that you are required to maintain in your PF account.
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How much money can be withdrawn?
Only 75 percent of the total amount deposited in the PF account can be withdrawn, while 25 percent will remain in the account. Initially, a maximum of Rs 25,000 can be withdrawn per transaction. This has been decided for security reasons and may be increased in the future.
PIN required
A PIN will be required to withdraw money from the PF account. This will be the UPI PIN. You will be able to complete the transaction only after entering it.