Delhi, December 17: Union Labour Minister Mansukh Mandaviya has said that employees will soon be able to withdraw a large part of their provident fund savings directly through ATMs and UPI, marking a major shift toward faster, paperless access to EPF money.

Speaking in an interview with ABP News, Minister Mandaviya said the facility is expected to be rolled out before March 2026.┬аUnder the proposed system, up to 75% of an employeeтАЩs EPF corpus will be withdrawable instantly through digital channels, eliminating the need for lengthy paperwork and reducing delays.┬аPF Balance: How To Check EPF Balance Quickly? Check Simple Ways To Know Provident Fund Balance.

PF Withdrawal via ATM, UPI Soon, Says Minister Mansukh Mandaviya

The EmployeesтАЩ Provident Fund Organisation (EPFO) is working on linking EPF accounts with ATM networks and UPI, enabling near-instant transfers to a subscriberтАЩs registered bank account.

Mandaviya said the move is aimed at simplifying the current withdrawal process, which requires members to submit multiple forms. тАЬThe money lying in EPF belongs to the subscriber, but accessing it has been a hassle. We are making the process easier,тАЭ he said, adding that employees will continue to have the right to withdraw 75% of their EPF immediately under existing rules.┬аIs 25% of Your PF Balance Permanently Locked Until Retirement Under EPFO New Rules? PIB Fact-Checks Misleading Claim by TMC MP Saket Gokhale.

At present, EPFO allows members to withdraw 75% of their PF balance after one month of unemployment, and the remaining amount after two months. For housing-related needs, subscribers can withdraw up to 90% of their PF balance after three years of EPFO membership, subject to specific conditions.

TruLY Score by LatestLY
Rating:3

TruLY Score 3 тАУ Believable; Needs Further Research | On a Trust Scale of 0-5 this article has scored 3 on LatestLY, this article appears believable but may need additional verification. It is based on reporting from news websites or verified journalists (ABP News ), but lacks supporting official confirmation. Readers are advised to treat the information as credible but continue to follow up for updates or confirmations

(The above story first appeared on LatestLY on Dec 17, 2025 01:31 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).