EPFO is launching a UPI-based PF withdrawal facility for its millions of members. This will allow members to instantly withdraw PF funds directly into their bank accounts through their UPI PIN ... Read more

The Employees' Provident Fund Organisation (EPFO) is soon going to make the PF withdrawal process easier for its crores of members.

Under EPFO ​​3.0, employees will now be able to withdraw funds directly from their EPF accounts through the Unified Payments Interface (UPI). The government has completed testing of this new feature and it may be implemented soon.

Withdrawing PF through UPI will be easy

Union Labor Minister Mansukh Mandaviya recently announced that the EPFO ​​has completed testing the UPI-based PF withdrawal feature. Once the new system is implemented, EPFO ​​members will be able to view the available withdrawable amount in their PF account and transfer it directly to their bank account via UPI.

Authentication will be done through UPI PIN

Under the new feature, members will need to enter their UPI PIN to complete the transaction. This will ensure a secure and fast withdrawal process. The money will be directly transferred to the bank account linked to the EPFO's records.

You will get the money immediately

UPI-based withdrawals allow employees to access funds instantly when needed. Once funds are credited to their accounts, members will also be able to make digital payments, online transfers, and withdraw cash from ATMs using debit cards.

How does PF withdrawal work now?

Currently, EPFO ​​members have to file claims online or offline to withdraw their PF. However, with the implementation of the auto-settlement system, eligible claims are being settled electronically within three days.

The advance claim limit was increased to Rs 5 lakh in 2025. This facility is available for needs such as illness, education, marriage and housing.

Current PF withdrawal rules

Partial Withdrawal

EPF members can make partial withdrawals for medical, education, home purchase, or other essential needs. In many cases, there is no need to provide documentation.

complete withdrawal

The entire PF balance can be withdrawn upon retirement or permanent disability at age 58. However, a minimum balance of 25% is required to be maintained before final withdrawal.

Relief is also available in unemployment

If a member becomes unemployed, they can withdraw up to 75% of their PF balance immediately. The remaining 25% can be withdrawn after remaining unemployed for 12 months.

This new UPI facility of EPFO ​​is being considered a big step towards making PF withdrawal faster, easier and digital than ever before for crores of employees.

 PC:Jagran