EPFO UPI ATM Facility: The Employees’ Provident Fund Organization (EPFO) is a body under the Government of India responsible for managing PF matters. They oversee tasks like depositing funds into employees’ PF accounts, distributing interest, and facilitating fund withdrawals.
There has been speculation lately about the possibility of withdrawing PF funds using UPI and ATMs. The government has recently announced the completion of testing for this service, indicating that PF withdrawals through UPI and ATMs will soon be a reality. Rumors suggest that Prime Minister Narendra Modi may inaugurate this feature, but its authenticity remains uncertain.
What’s the scoop?
According to various media reports, the option to withdraw PF funds through UPI and ATMs could be accessible starting from July 15, 2026. Additionally, there are claims that Prime Minister Narendra Modi himself will introduce this withdrawal service from PF accounts through UPI-ATM.
Is PM Modi set to launch UPI-ATM service for PF withdrawals?
As per media speculations, PM Modi is expected to inaugurate the withdrawal service from PF accounts through ATM-UPI on July 15. Nonetheless, no official confirmation has been released by either the PMO or the EPFO. Hence, it is premature to conclude that PM Modi will indeed launch this service.
When can PF funds be withdrawn through UPI-ATM?
PF account holders are eagerly anticipating the commencement of this feature. It is anticipated that the option to withdraw PF funds via UPI and ATMs might be rolled out in the near future. Nevertheless, the official launch date is yet to be disclosed. Under the new rules, a 12% contribution up to the statutory wage limit (currently Rs 15,000 per month) is mandatory. Contributions beyond this limit will be considered voluntary. According to the provisions of the Employees’ Provident Funds Scheme, 2026, notified on Wednesday, “An employee may opt to make additional contributions on a voluntary basis at the statutory rate or at any rate above the statutory wage limit for wages exceeding the statutory wage limit.”