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Withdraw EPF Money via UPI and ATM by June 2025—Faster, Easier, and More Transparent

Udaipur Kiran March 25, 2025 10:20 AM

In a major reform aimed at enhancing convenience and transparency for salaried employees, the Employees’ Provident Fund Organisation (EPFO) is set to roll out UPI and ATM-based EPF withdrawal facilities by June 2025. The move is part of the government’s broader digitization push and promises to revolutionize how employees access their Provident Fund (PF) savings.

Currently, EPF withdrawals can take up to 7 working days after an application is filed. The upcoming changes are expected to cut this wait time down to a few hours, ensuring quick, hassle-free transactions.

EPFO 3.0: Seamless Withdrawals via UPI and ATMs

The EPFO has already drafted a blueprint for the new scheme, which aims to integrate Unified Payments Interface (UPI) with EPF accounts, enabling direct transfers to users’ digital wallets. This initiative will also allow members to withdraw money from EPF accounts via ATMs, a first in the organization’s history.

With the UPI linkage, subscribers will no longer need to rely solely on the traditional online withdrawal form. Instead, registered users can receive their claim amount directly in their UPI-linked wallets or withdraw from designated EPFO ATMs.