Friday, October 3, 2025
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EPFO Subscribers to Benefit from ATM-Based PF Withdrawals

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Employees’ Provident Fund Organisation (EPFO) is set to introduce a groundbreaking update, EPFO 3.0, which will allow subscribers to withdraw their PF savings directly from ATMs.

This innovative system, announced by Union Labour Minister Mansukh Mandaviya, aims to simplify the withdrawal process, making it as seamless as withdrawing cash from a bank account.

The update is part of EPFO’s broader efforts to modernize its services and enhance user convenience.

Key Features of EPFO 3.0

EPFO 3.0 represents a significant technological upgrade to the traditional system, which often involved lengthy paperwork and employer approvals.

The new system will enable subscribers to access their PF funds through ATMs using a dedicated PF withdrawal card.

This card will function like a regular ATM card, linked to the subscriber’s Universal Account Number (UAN) or bank account.

The update also includes multi-factor authentication, such as OTP verification sent to the registered mobile number, to ensure secure transactions.

Additionally, EPFO is working on integrating the system with the Unified Payments Interface (UPI), allowing subscribers to claim PF funds through platforms like PhonePe, Google Pay, and Paytm.

This integration will eliminate the current 2-3 day processing time associated with NEFT or RTGS transfers.

How the ATM Withdrawal System Will Work

The design of the process for withdrawing PF funds via ATMs ensures user-friendliness. Subscribers will need to:

  1. Visit an EPFO-approved ATM (list to be announced).
  2. Use their PF withdrawal card linked to their UAN.
  3. Input their PIN and select the withdrawal option.
  4. Complete the transaction securely with OTP verification.

The Ministry assures that it will roll out the system with robust IT infrastructure to handle the expected surge in transactions.

Authorities have yet to disclose the exact withdrawal limits and the list of approved ATMs.

Benefits of EPFO 3.0

The introduction of ATM-based withdrawals is expected to bring several benefits:

  • Convenience: Subscribers can access their funds anytime, without visiting EPFO offices or relying on employers.
  • Speed: The new system eliminates lengthy claim processes and waiting periods.
  • Security: Multi-factor authentication ensures secure transactions.
  • Accessibility: The integration with UPI will provide additional options for fund transfers.

Challenges and Future Prospects

While the update promises significant improvements, it also presents challenges, such as ensuring widespread access to EPFO-approved ATMs and addressing potential cybersecurity risks.

The Ministry invests in advanced technology and infrastructure to overcome these hurdles.

EPFO plans to launch the 3.0 system by mid-2025 and will make the app and withdrawal card available shortly thereafter.

This modernization effort aligns with the government’s vision of providing banking-like services to EPFO subscribers, empowering them to manage their accounts with ease.


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Sahiba Sharma
Sahiba Sharmahttps://sightsinplus.com/
Sahiba Sharma, Senior Editor - Content at SightsIn Plus