Withdrawing savings funds will soon be convenient as EPFO subscribers can withdraw money via ATMs, a system that is scheduled to be rolled out by the end of May 2026, reports ET Now.
The easy withdrawal feature is part of the Employees Provident Fund Organization’s EPFO 3.0 which was launched in 2025 to modernize its digital framework and operational procedures. Digital withdrawals are expected to be fully rolled out by mid-2026 and will make finance-related processes more user-friendly and convenient. The new changes include smoother access to provident fund, automatic claims settlement, and seamless fund transfers to the bank account of the employee’s choice.
EPFO will issue EPF linked ATM cards to subscribers which will enable easy withdrawal of funds. With EPFO 3.0, they will also be able to check their PF balance directly on UPI, can transfer money to their preferred bank account directly and also update details securely on their EPF accounts via OTP verification.
Here is a step by step guide to withdraw provident fund money using EPFO ATM and UPI:
- EPFO subscribers will be given PF debit cards much like the bank’s ATMs.
- The cards will be linked to the account holders’ PF account.
- There may be a maximum of 50% withdrawal of PF account balance in order to save PF balance for emergencies.
EPFO members must meet certain conditions. They must have an active UAN and must have KYC documents like Aadhaar, PAN, bank account number and IFSC code linked to the UAN.
Labor and Employment Minister Mansukh Mandaviya last month said the EPFO had settled claims worth Rs 8.31 lakh crore in FY25-26, much higher than Rs 6.01 lakh crore in FY25.
Of these claims, 55.1 million claims were for advance or partial withdrawals. This is a prime example of the accessibility of PF. 71.11% of submitted claims were processed within 3 days in automatic mode (vs. 59.19% last year).
