Almost all employed people in India have a PF account. A PF account works like a savings account and earns interest on the deposited amount. Usually, 12% of the salary goes into the PF account, and the company adds the same amount. You can withdraw money from this account if needed.
Earlier, withdrawing PF money took a long time. Now, the Employees’ Provident Fund Organization (EPFO) has made a big update. PF account holders can withdraw their PF money directly from ATMs. Here is the latest update.
When Will the ATM Withdrawal Facility Start?
Currently, people file online claims to withdraw money from their PF accounts. Once the claim is settled, the funds are credited to their accounts, which takes a few days. Now, PF account holders may be able to withdraw funds from ATMs like normal cash.
According to media reports, the ATM withdrawal facility may start in January 2026. This will be part of EPFO 3.0. Full confirmation is still pending, but the proposal is expected to be discussed in the next Central Board of Trustees meeting. Once approved, employees will get this facility. Currently, PF withdrawal takes 4–5 days, but with the new system, funds will be available immediately.
How Will the Process Work?
People have many questions about this. First, can funds be withdrawn using a regular bank ATM card? Reports say EPFO may issue a special card linked directly to the PF account.
To withdraw money, a claim must be filed online. Once the claim is approved, members can use the card at any ATM. This new system will help over 78 million subscribers. It will be especially useful in emergencies, so employees will not face a shortage of funds.
