EPFO Update – The Employees’ Provident Fund Organisation (EPFO) is soon going to introduce a facility for PF subscribers to withdraw funds using UPI and ATMs. The Ministry of Labour and Employment has fully geared up for this. The facility for withdrawing money through ATMs and UPI is expected to be launched in February.
This will eliminate the need to fill out claim forms for PF withdrawals. Employees will be able to withdraw money easily in case of emergencies using ATMs and UPI. This raises the question of how much fund employees will be allowed to withdraw. Union Minister Mansukh Mandaviya himself shared this information. You can understand everything he said in detail in the article below.
Government Provides Important Information
Union Minister of Labour and Employment, Mansukh Mandaviya, informed that the government already allows withdrawal of 75 per cent of the EPF amount. But now this facility is being made even easier. For this, the government will link your PF account with ATMs and UPI.
The Union Minister said that the money belongs to the EPF member, but the current system requires filling out several forms. This causes inconvenience to people. Now, there will be no need to fill out forms. The amount can be easily withdrawn by going to an ATM. The digital system will make it easier to withdraw money from the EPF account. EPFO has already made changes to the withdrawal rules.
PF Withdrawal Will Be Even Simpler
Currently, withdrawing money from EPF requires an online portal, forms, and sometimes even permission from the company. This also causes delays for PF subscribers. The government wants PF withdrawals to be as easy as people using money from their bank accounts.
For this, the facility of withdrawal through UPI and ATMs will be introduced. This facility will be launched before March. Once the facility is launched, employees will not have to visit their employer or the EPFO office.
This new facility is considered part of the reforms made in October 2025. Earlier, there were 13 different categories for PF withdrawals. This created confusion and even led to applications being rejected. But this will not happen now.