In a major leap toward digital financial convenience, the Employees’ Provident Fund Organisation (EPFO) is all set to roll out a revolutionary feature that will allow members to instantly withdraw up to ₹1 lakh or 50% of their EPF balance—whichever is lower—via ATM and UPI platforms.
This upgrade, forming a key part of EPFO 3.0, is expected to roll out services for members starting August 2025. The initiative aims to transform the experience of accessing and managing Provident Fund savings, bringing it in line with modern-day digital banking convenience.
Six New Modules Under Development, Three Already in Trial Phase
As per official sources, EPFO has been working on six major software modules, out of which three are already undergoing successful trials, while trials for the remaining modules are expected to begin soon. Once all trials are complete, the entire system will be launched in phases.
The new system will ensure faster withdrawals and more secure transactions for EPFO members. It will also eliminate the need for prolonged verification or document submission for certain routine transactions.
Full Rollout in Stages: Balance Check, Statement Download, and More to Follow
Initially, only a few services will be available through this upgraded platform, but over the next six months, additional features will be launched. Members will be able to:
-
Check their PF account balance
-
Download account statements
-
Update account information
-
Settle claims directly via UPI or linked bank accounts
The introduction of instant ATM and UPI-based withdrawals is expected to benefit millions of salaried and informal sector workers across the country.
New System Aims to Resolve Delays and Increase Transparency
The biggest benefit of this move lies in removing delays in fund disbursement. Previously, EPF withdrawals required an online application followed by a verification process that often took several days.
With the new system, once linked to Aadhaar and verified, users will be able to access emergency funds or partial withdrawals within seconds, especially in urgent situations.
Final Integration Underway as EPFO Nears Completion of Digital Overhaul
The final integration work is being carried out across EPFO’s nationwide systems. Once completed, this service will represent a landmark in India’s journey towards digital financial inclusion and employee welfare.
