Big EPFO update: PF withdrawal through ATM and UPI coming soon, says Mansukh Mandaviya

The Employees’ Provident Fund Organisation (EPFO) is preparing to roll out a much-awaited facility that will allow provident fund subscribers to withdraw their savings directly through ATMs and the Unified Payment Interface (UPI).

Union Labour and Employment Minister Mansukh Mandaviya shared this update during the ABP Network’s India @2047: Entrepreneurship Conclave.

Addressing the audience, the minister said, "The government is focused on making PF access simpler and more efficient for employees. Emphasising that provident fund savings belong to workers, he noted that steps are being taken to remove procedural hurdles and ensure quicker access to funds."

According to Mandaviya, the new withdrawal system is expected to begin sometime before March 2026. He confirmed this timeline on Monday during an interview with ABP News.

Currently, PF subscribers must submit withdrawal or advance requests either online or offline, after which claims are processed and settled.

Under the new framework, PF accounts will be linked to members’ bank accounts, which are already connected through Aadhaar and the Universal Account Number (UAN).

This integration will enable a dedicated PF feature to be added to debit cards and ATM systems, allowing subscribers to access their funds more easily. The minister also pointed out that up to 75 per cent of the PF balance can already be withdrawn without citing any specific reason.

These include allowing partial withdrawals of up to 75 per cent of the accumulated corpus, reducing the minimum service period to one year for advance withdrawals, and setting a 12-month waiting period for full withdrawals.