From the Year 2025 EPFO to Allow PF Withdrawal via ATM

EPFO members will be able to withdraw PF money using a dedicated ATM card, expected from 2025.

Present System: 

Members have to wait 7-10 days for online claim settlement, with funds credited to their bank accounts.

Focus on IT Upgrades: 

Focus is to improve IT infrastructure, with significant upgrades expected by January 2025.

Replies (1)

EPFO members will indeed be able to withdraw their PF money using a dedicated ATM card, starting from 2025. This new feature is part of the EPFO's efforts to enhance the accessibility and convenience of PF withdrawals.¹ The ATM card feature will allow members to withdraw up to 50% of their total PF balance. This move aims to provide EPFO members with easier access to their funds, especially during emergencies or unexpected expenses.² Additionally, the EPFO is upgrading its IT systems to streamline the claim process and reduce errors. This upgrade is expected to be completed by June 2025. To facilitate this new feature, EPFO will introduce special PF withdrawal cards linked to subscribers' accounts. These cards will operate like standard ATM cards, enabling cash withdrawals directly from ATMs.³

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
28 August 2026
Assistant Manager

NRS AND ASSOCIATES

Kozhikode

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details