There’s some big news for EPFO employees. It’s expected that starting in January, PF employees will be able to withdraw their PF funds through ATMs.
A major update has arrived for members of the Employees’ Provident Fund Organization (EPFO). The EPFO may begin ATM withdrawal services from January 2026. According to reports, the CBT, the EPFO’s highest decision-making body, is expected to approve ATM withdrawals at its upcoming board meeting, scheduled for the second week of October.
The ATM withdrawal facility will provide significant relief to employees. They will no longer need to submit an online claim to withdraw funds. Furthermore, long waits will be eliminated. Employees can simply go to the ATM branch and withdraw their PF funds from the ATM.
A CBT member told Moneycontrol that they have learned that the EPFO ‘s IT infrastructure is ready to allow ATM-like transactions. He added that there will be a limit on ATM withdrawals, but this is yet to be discussed.
A senior Labor Ministry official stated that the ministry has discussed
the launch of EPFO ATMs with banks, as well as the RBI. The official said that ATMs are being viewed as a necessity as the government wants to provide people with greater access to their PF accounts.
EPFO currently has 78 million registered individuals, who together have deposited over ₹28 lakh crore. In 2014, this figure was ₹7.4 lakh crore and 33 million.
Card will be issued for PF withdrawal
Sources said that EPFO is likely to issue a special card to its members, which will allow them to withdraw a part of their funds from ATMs. Earlier this year, EPFO had increased the automatic claim settlement amount from Rs 1 lakh to Rs 5 lakh to make the availability of funds easier for customers. Under this process, the automated system uses a set of digital checks and algorithms to confirm the eligibility of the claim. The entire process is system-driven and based on the KYC details of the member.
Experts say that allowing EPFO fund withdrawals through ATMs will make it more convenient for members to access funds, especially in times of emergency, as current withdrawals often involve procedural delays and paperwork.
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