EPF Withdrawal: Hello friends, if you are employed and your EPF is deducted, this news is no less than a huge relief for you. Often, withdrawing your own money in times of need takes days, requiring you to fill out forms and repeatedly check your status.
Now, this hassle is about to end. The government is completely changing the method of withdrawing EPF funds, allowing PF employees to withdraw funds instantly through ATMs and UPI.
EPF UPI Withdrawal Rules: A major relief for employees
The government is soon going to introduce a new facility for withdrawing EPF funds. Under this facility, employees will be able to withdraw their Provident Fund directly through ATMs and UPI.
Union Labour and Employment Minister Mansukh Mandaviya announced this in an interview with a private channel. It is expected that this facility will be implemented before March 2026, directly benefiting approximately 8 crore EPFO ​​members.
Now, PF withdrawals will be easier and faster.
Currently, PF withdrawals require filling out a claim form online or offline, and it can take several days for the funds to arrive. This process will become much easier once the new system is implemented. Employees will be able to withdraw funds instantly through ATMs or UPI if needed. This facility will be especially useful in emergencies, as it eliminates the need for long waits.
Minister Mansukh Mandaviya’s Important Statement
Union Minister Mansukh Mandaviya has clearly stated that the money deposited in EPF belongs entirely to the subscriber. He added that employees can still withdraw up to 75% of their PF balance immediately. Now, the ministry is taking this a step further by introducing a facility that allows EPF withdrawals directly through ATMs and UPI. This aims to eliminate the difficulties employees face when repeatedly filling out forms.
What improvements have been made to EPF rules?
The government is continuously working to simplify and make EPF rules more transparent. Previously, different categories and eligibility criteria resulted in delays in claims and sometimes even rejections. To address this issue, a simplified framework has been created by merging 13 different withdrawal categories.
Employer’s share now included in withdrawals
Previously, when withdrawing PF, employees were limited to their own contributions and the interest earned on them. Consequently, withdrawal limits ranged between 50 and 100 per cent. Under the new rules, employer contributions and interest earned on these contributions will also be included in the withdrawal amount. This will provide employees with access to more funds when needed.
Why is the new EPF system special?
This new system is not just a convenience but a major step towards strengthening employees’ rights. PF withdrawals through UPI and ATMs will save time, simplify the process, and eliminate the hassle of employees handling their own funds. In the era of Digital India, this change will further modernise the EPFO ​​system.
EPF UPI Withdrawal Rules are bringing significant relief to employees. Once the PF withdrawal facility is implemented through ATMs and UPI, withdrawing money will be as easy as withdrawing cash from a bank. These government reforms will not only save time but also increase trust in the EPF system. This could prove to be a significant boon for working professionals.
FAQs
When will EPF withdrawals be available through ATMs and UPI?
The government aims to launch this feature before March 2026.
Will the entire PF amount be withdrawn?
Under the new rules, employees will be able to withdraw their own contributions, along with their employer’s contributions and the interest earned on them. However, the EPFO ​​will determine the final terms.
Will there be immediate access to funds in case of an emergency?
Yes, the new system aims to ensure that employees can withdraw funds immediately through ATMs or UPI if needed.
Will there be a need to fill out forms?
The new system will largely eliminate forms and complex procedures.
Disclaimer: This article is based on available information and government statements. EPF rules and features are subject to change over time. For any final decisions or procedures, only the official notifications and websites of the EPFO ​​or the Ministry of Labour should be considered valid.
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