In a landmark move aimed at simplifying access to retirement savings, employees in India will soon be able to withdraw up to 75% of their Provident Fund (PF) directly through ATMs and UPI platforms. The initiative, set to roll out by March 2026, is expected to revolutionize the way workers access their PF accounts, making withdrawals faster, more transparent, and more convenient.
The Employees’ Provident Fund Organisation (EPFO) has been working on integrating digital payment systems with PF accounts to ensure seamless transactions. By linking PF withdrawals to ATMs and UPI, employees will no longer need to rely solely on lengthy paperwork or wait for bank transfers. This modernization aligns with India’s broader push toward digital financial inclusion and cashless transactions.
The new system will allow employees to withdraw up to 75% of their PF balance in cases of emergencies, medical needs, or other approved circumstances. This flexibility is designed to provide financial security while ensuring that a portion of the PF corpus remains intact for retirement. The move is expected to benefit millions of salaried workers across the country, especially those in urgent need of funds.
Industry experts believe this step will not only empower employees but also strengthen trust in the EPFO’s digital initiatives. With the March 2026 deadline approaching, banks and payment platforms are preparing to integrate PF services into their networks. Once implemented, the system will mark a significant milestone in India’s journey toward accessible and technology-driven financial services.
