EPFO 3.0: UPI withdrawal for EPF soon! Members can transfer money using UPI PIN – Here’s how it will work
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EPF0 3.0: EPF Withdrawal through UPI soon
The Employees' Provident Fund Organisation (EPFO) will soon make it easier for members to withdraw their Employee Provident Fund (EPF).
Subscribers could soon have the option of withdrawing the fund directly via UPI as the government has finished testing this new feature.
Subscribers could soon have the option of withdrawing the fund directly via UPI as the government has finished testing this new feature.
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EPFO 3.0: UPI withdrawal for EPF - Testing done
Labour Minister Mansukh Mandaviya recently confirmed that EPFO has completed the testing phase for the UPI-based EPF withdrawals.
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EPF withdrawal via UPI: What will change?
Once the feature gets rolled out, it will become very easy for EPFO members to transfer their EPF funds directly into their bank accounts via the UPI payment gateway.
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EPF transfer via UPI: How it will work
As part of the changes, members won’t be just able to withdraw their funds via UPI buy will also be able to see the amount available for withdrawal and transfer it to their bank accounts linked with EPFO records.
To make the transaction, they will have to authenticate it using their UPI PIN.
To make the transaction, they will have to authenticate it using their UPI PIN.
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Quick money at disposal
With withdrawals via UPI, EPF members can get quick money at their disposal for digital payments, transfers. They would also be able to withdraw cash through ATMs via debit cards once the funds have been transferred to their bank account.
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Slide 6 – EPF withdrawal process: How is it done currently?
EPFO members earlier needed to submit withdrawal claims to access their EPF savings and the process could take some time.
Under the auto-settlement system, however, eligible EPF claims are processed electronically within 3 days of application.
In 2025, the auto-settlement limit for advance claims (like for illness, education, marriage, or housing) was enhanced to Rs 5 lakh.
Under the auto-settlement system, however, eligible EPF claims are processed electronically within 3 days of application.
In 2025, the auto-settlement limit for advance claims (like for illness, education, marriage, or housing) was enhanced to Rs 5 lakh.
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EPF withdrawal rules: Partial and full withdrawal
Current rules allow partial EPF withdrawals for specific needs like medical, education, and housing without documentation. Full EPF withdrawal, on the other hand, can be done at retirement at age 58, or in case of permanent disability.
However, a minimum 25% balance must remain in the EPF account unless the member is making a final withdrawal.
However, a minimum 25% balance must remain in the EPF account unless the member is making a final withdrawal.
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PF withdrawal during unemployment
In case of unemployment, the EPF member is allowed to immediately withdraw up to 75% of their balance, including employer contributions.
The remaining 25% amount can be taken out after 12 months if the person continues to remain unemployed.
The remaining 25% amount can be taken out after 12 months if the person continues to remain unemployed.