Archive · 25 Jun 2025
EPFO to Allow ATM and UPI Withdrawals
The EPFO is working on a new system.
It will allow people to withdraw money from their retirement accounts directly from ATMs and using UPI.
This means getting your money might become much easier.
The plan aims to simplify the process.
The government is also working on some other changes to make it easier for members.
EPFO plans to enable direct PF withdrawals via ATM and UPI.
The initiative aims to simplify access to retirement savings.
Members could withdraw funds like they do from savings accounts.
The project is spearheaded by the labour ministry.
Backend system upgrades are planned for the new functionalities.
- Who
- EPFO members
- What
- EPFO is planning to allow PF withdrawals via ATM and UPI.
- When
- No timeline has been announced for the rollout.
- Where
- N/A
- Why
- To simplify the claim process and provide quicker access to funds.
- Organization
- Employees’ Provident Fund Organisation (EPFO)
- Proposed Change
- Direct PF withdrawals via ATM and UPI
- Current Process
- Requires online or offline claim submission
- Benefit
- Quicker access to funds
- Auto-settlement limit
- Increased from Rs 1 lakh to Rs 5 lakh
Sources
EPFO raises auto settlement limit for PF withdrawal by 5 times – Check new limit
EPFO boosts auto claim limit to Rs 5 lakh for medical, home, education emergencies
EPFO auto claim limit raised to Rs 5 lakh from Rs 1 lakh: Union minister Mansukh Mandaviya
EPFO raises auto-settlement limit for advance claims to ₹5 lakh
EPFO Update: Govt Increases Auto Claim Settlement Limit From Rs 1 Lakh To Rs 5 Lakh
EPFO hikes auto-settlement limit for advance claims to Rs 5 lakh in 'people-centric move'
EPFO member may soon be able to withdraw EPF money through ATMs, UPI directly
EPFO may soon allow direct withdrawals via ATM, UPI after bank account link - Telegraph India
EPFO enhances auto-settlement limit for advance claims from ₹1 lakh to ₹5 lakh: Mandaviya
EPFO Raises Auto-Settlement Limit For Advance Claims To ₹5 Lakh
Advance Withdrawal Of Up To Rs 5 lakh From PF Accounts Allowed Through Auto Settlement Mode
EPFO Increases Auto Settlement Limit To...
Auto-settlement limit for adv claims raised to Rs 5 lakh
Provident fund new online claim rules: EPFO removes cheque upload requirement
EPFO's Big Decision For Salaried Employees, Now Withdraw Up to ₹5 Lakh Instantly Without Visiting Office
Big Relief for EPFO Members! PF Auto Withdrawal Limit Raised to Rs 5 Lakh; ATM Withdrawals Soon
EPF withdrawals via ATM: Here's the latest update on rollout
