EPFO Update – You can withdraw 75 percent of PF amount instantly from ATM, government announces date

EPF UPI Withdrawal Rules – A new facility is soon to be launched for PF employees, making fund withdrawal easier. The facility to withdraw Provident Fund money through ATMs and UPI will be available soon. The government may give this big gift to employees before March. Union Minister of Labour and Employment, Mansukh Mandaviya, announced this in an interview with a private channel.

Currently, withdrawing PF money requires filling out a claim form, which takes several days. But this will no longer be the case. People will be able to withdraw their PF money easily when needed. 80 million EPFO ​​members will benefit from this. In case of an emergency, they will be able to withdraw this money instantly from ATMs.

Union Minister Mansukh Mandaviya has made an announcement that will bring relief to PF employees. In an interview with a private channel, he said that you can still withdraw 75 per cent of your PF immediately. He further added that the ministry is bringing in a facility before March 2026 that will allow subscribers to withdraw their EPF amount through ATMs.

EPF withdrawals will also be linked to UPI. This system is being introduced keeping in mind the difficulties faced by EPF members. Earlier, different forms had to be filled out for EPF withdrawal, but this will no longer be the case. He said that the money deposited in EPFO ​​belongs to the subscriber. However, the process of filling out different forms creates complications. Considering this, the ministry is simplifying the withdrawal process.

The government is continuously making the rules related to EPF more transparent. It has also approved major reforms to make the rules related to the Provident Fund simpler, faster, and more transparent. According to the Union Ministry of Labour, delays in claims and sometimes even rejections occurred due to different categories and eligibility conditions.

To eliminate this problem, 13 different withdrawal categories have been combined into a single simplified framework. Previously, PF members could only withdraw their own contributions and the interest earned on them. This is why withdrawals were limited to 50 to 100 per cent of the total amount. With the new rules, the employer’s contribution and the interest earned on it will also be included in the withdrawal amount.