There is good news for nearly 8 crore EPFO subscribers across India. Soon, employees may be able to withdraw their Provident Fund (PF) money directly through ATMs and UPI.
According to reports, this facility could start by the end of May. Once launched, EPF members will no longer have to depend only on the traditional withdrawal process.
Accessing PF money is expected to become much faster and simpler.
As per EPFO data, the organization currently has around 7.98 crore members.
Out of these, more than 7.74 crore users have already completed Aadhaar-based KYC verification.
The total number also includes over 82 lakh pensioners.
What is EPFO 3.0?
EPFO introduced EPFO 3.0 last year to modernize its digital services and improve user experience.
The new system is expected to be fully implemented by mid-2026.
The main goal of EPFO 3.0 is to make PF-related services easier, quicker, and more user-friendly.
This includes claim settlement, fund transfer, and balance access.
The biggest highlight of this upgrade is the new ATM and UPI withdrawal feature.
How PF Withdrawal Through ATM and UPI Will Work
Under the new system, EPFO is likely to provide a dedicated ATM card linked directly to a subscriber’s PF account.
Using this card, members will be able to withdraw PF money from ATMs just like a normal bank transaction.
Apart from this, PF funds may also be transferred through UPI platforms.
However, there will be a withdrawal limit.
Reports suggest that users may be allowed to withdraw only up to 50% of their total PF balance through ATM or UPI.
Who Will Be Eligible?
Not every account holder will automatically get this facility.
EPFO members must complete certain requirements first.
To use ATM and UPI withdrawal services, members should have:
An active UAN
Aadhaar linked with UAN
PAN details updated
Bank account linked
Correct IFSC code added
Members who have already completed KYC verification are likely to get easier access once the feature goes live.
EPFO Processed Record Number of Claims
Labour and Employment Minister Mansukh Mandaviya recently shared that EPFO settled a record 8.31 crore claims during FY 2025-26.
This is significantly higher compared to 6.01 crore claims processed in FY25.
Out of these, 5.51 crore claims were related to advance or partial PF withdrawals.
The government says this shows that PF access is becoming smoother and faster for members.
Another major improvement is the speed of claim processing.
Around 71.11% of advance claims were settled automatically within just 3 days. Last year, this figure was 59.19%.
The ministry also revealed:
6.68 crore members filed claims without uploading cheque leaves
1.59 crore users linked bank accounts without employer approval
70.55 lakh transfer claims were processed automatically
24.84 lakh transfer requests were completed without employer intervention
These changes indicate that EPFO is moving towards a more digital and hassle-free system for employees.
