EPFO 3.0 to Enable PF Withdrawals via ATM and UPI Soon

Provident fund withdrawal will soon be convenient as the EPFO subscribers can withdraw the funds via ATMs, a system that is set to be rolled out by the end of May 2026, according to a ET Now report.

EPFO 3.0, initiated in 2025, aims to streamline the digital framework and working processes of EPFO, making them more efficient and user-friendly. The easy withdrawal feature is a component of this initiative. The digitised withdrawals is expected to be rolled out across the board by mid-2026, and will simplify and improve the processes relating to PF. The new changes involve easier access to provident fund, auto-claims settlement and the easy transfer of funds to the employee's bank account of choice.

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EPFO will provide an EPF-related ATM card to the EPF subscribers, which will allow them to easily withdraw money. With EPFO 3.0, under will also be able to check their PF balance directly on UPI, can transfer funds to their preferred bank account directly and also securely update details on EPF accounts via OTP verification.

Follow these steps to withdraw provident fund amount from EPFO ATM and UPI:

• The EPFO subscribers will receive PF withdrawal cards similar to what is available at the bank ATM.
• The cards will be attached to the PF account of the account holders.
• The limit of 50% of the balance of the PF account may be there to preserve the balance of the PF in case of an emergency.

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There are some requirements to be fulfilled by the EPFO members. They are required to have an active UAN and KYC documents like Aadhaar, PAN, Bank Account Number, IFSC code must be linked with UAN.

Last month, Labour and Employment Minister Mansukh Mandaviya announced that EPFO has processed 8.31 crore claims for FY25-26 as compared to 6.01 crore claims last year.

Of these, 55.1 million claims were for advance/pitfalls. A great example of how easy it is to access PF. Automatic claims processing for 71.11% of advance claims was done within 3 days compared with 59.19% last year.

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