Good news for EPFO subscribers! PF money withdrawals through ATMs are likely to go live by the end of May, making fund access faster and more convenient, sources close to ET Now revealed.
The Employees’ Provident Fund Organisation launched EPFO 3.0 last year to modernise its digital framework and operational procedures. The new system, expected to be fully rolled out by mid-2026, will make all PF-related processes more user-friendly. The new changes include smoother access to the provident fund, auto-claim settlement, and seamless fund transfers to the employee's bank account of choice.
However, one of the key upgrades under EPFO 3.0 is the option to withdraw PF funds via ATM and UPI. PF balance withdrawals via UPI and ATM will allow subscribers to access their funds more conveniently, without lengthy paperwork or office visits. Here are the key questions answered about the EPFO rule.
How much PF money can you withdraw using UPI and ATM?
The EPFO is likely to restrict the maximum withdrawal limit for PF balances via UPI or ATM to 50% of the total balance in the account.
How will PF withdrawal through UPI and ATM work?
According to reports, EPFO is planning to issue dedicated ATM cards to subscribers, enabling them to withdraw PF money directly from ATMs. These cards are expected to be linked to members’ PF accounts for seamless access to funds.
Who can withdraw the PF balance using an ATM and UPI?
EPFO members must meet certain eligibility criteria to withdraw PF funds via UPI or an ATM. They must have an active Universal Account Number (UAN), and it must be linked to KYC documents such as Aadhaar, PAN, account number, and IFSC code.
A record 8.31 crore claims in 2025–26
Labour & Employment Minister Mansukh Mandaviya informed last month that the EPFO has settled a record 8.31 crore claims in 2025–26, compared to 6.01 crore in FY25.
About 5.51 crore claims were made for advance or partial withdrawals, reflecting the ease of access to PF accounts, enabling members to draw on their savings to meet their needs. About 71.11% of advance claims were processed through auto mode within 3 days, up from 59.19% in the previous year, he noted.
As many as 6.68 crore members were able to file their claims without the hassle of uploading a cheque leaf image, he said, adding that about 1.59 crore members were able to seed their bank accounts without seeking employers' approval.
The minister further noted that 70.55 lakh transfer claims were auto-processed without either the member or the employer intervening. As many as 24.84 lakh transfer requests were initiated by the members themselves without any employer's intervention.
