The Employees' Provident Fund Organisation has begun rolling out the much-awaited EPFO 3.0 reforms, aimed at making provident fund access faster and more user-friendly for employees in India.
One of the initial changes under EPFO 3.0 is the upgrade of its services through the UMANG app. The platform offers seamless access to key EPFO services for employees, employers and pensioners.
The rollout of all key upgrades under EPFO 3.0 is expected to happen gradually, with some media reports suggesting it may be fully implemented by mid-2026. As employees await these key reforms, one of the most anticipated updates is instant withdrawal using UPI or ATMs. Members are expected to be able to place a request through the EPFO portal or the UMANG app to withdraw their PF amount.
How Much PF Can Be Withdrawn Via ATM or UPI?
The final limit is yet to be officially confirmed. Livemint reported that withdrawals via UPI and ATM may be capped at 50% of the total PF balance to ensure savings are preserved.
However, Union Labour Minister Mansukh Mandaviya had indicated last year that the limit could go up to 75% of the corpus. A per-transaction cap of around Rs 25,000 for UPI withdrawals is also being discussed.
"You can still withdraw your 75% EPF immediately. I am telling you in advance that before March 2026, the Ministry is introducing a feature where a subscriber can withdraw their EPF through an ATM. The Ministry will also link EPF withdrawals with UPI," he had said in an interview with a news channel in December.
The exact withdrawal limits will be known only after the government issues an official notification on the implementation of the policy.
ATM Cards To Withdraw PF
Reports also mention that dedicated ATM cards linked directly to PF accounts will also be introduced. These cards would allow members to withdraw funds like a regular bank transaction.
To support this system, EPFO has partnered with 32 banks across public and private sectors, as per Livemint. These include State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank and Punjab National Bank, among others.
The list also covers Bank of Baroda, Canara Bank, Union Bank of India, Indian Bank, IndusInd Bank, IDFC First Bank, Yes Bank, Bank of India, Central Bank of India, UCO Bank, Bank of Maharashtra and IDBI Bank.
Other participating banks include Federal Bank, RBL Bank, South Indian Bank, Karnataka Bank, Karur Vysya Bank, City Union Bank, Tamilnad Mercantile Bank, Indian Overseas Bank, Jammu & Kashmir Bank, Bandhan Bank, HSBC Bank, Standard Chartered Bank, DBS Bank and DCB Bank.
ALSO READ: Wrong Joining Or Exit Date In EPFO? Why You Must Fix It To Avail Future Benefits
Who Is Eligible To Withdraw PF?
Members need to have:
An active Universal Account Number (UAN) with their mobile number linked.
KYC details such as Aadhaar, PAN and bank account verified.
Auto-Settlement Made Easy
Right now, EPFO members have to apply for withdrawal claims which can take time due to manual processing. Under the new system, claims will be settled automatically within three days through an electronic process without manual intervention.
The limit for this auto-settlement has already been increased from Rs 1 lakh to Rs 5 lakh. This is expected to make withdrawals faster and reduce the burden on EPFO which processes over 5 crore claims every year, most of them related to EPF withdrawals.
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