In a major move aimed at making employee benefits more accessible and efficient, the Employees’ Provident Fund Organisation (EPFO) is reportedly working on a project that would allow Provident Fund (PF) subscribers to withdraw their money directly via ATM and UPI. This game-changing facility, if implemented, will significantly ease the process of accessing retirement savings, especially during emergencies.
Auto-Settlement Limit Enhanced to ₹5 Lakh
The EPFO recently announced an important update that directly impacts millions of salaried employees. The auto-claim settlement limit for advance PF withdrawals has been increased from ₹1 lakh to ₹5 lakh. This enhancement is expected to bring immediate relief to those needing urgent funds, as the process does not require manual approval or paperwork in cases covered under auto-settlement.
This development has been widely welcomed by account holders who previously had to navigate bureaucratic delays for even modest withdrawals. Now, in emergencies, employees can access a substantially larger amount of their savings almost instantly.
ATM and UPI Withdrawals: A Modern Convenience on the Horizon
According to credible sources within the Union Ministry of Labour and Employment, work is underway to enable PF withdrawals through ATMs and UPI-based platforms. This modernization drive is part of the government’s broader initiative to digitize and simplify access to employee benefits.
The new facility, once rolled out, will eliminate the need for online claim submissions or employer approvals for partial withdrawals. Employees will be able to directly access a portion of their PF corpus, making it as easy as withdrawing cash from a bank account.
However, sources also confirmed that certain technical and software-related challenges are currently delaying the implementation. Teams are working to resolve these issues, and an official announcement regarding the launch timeline is expected soon.
Why This Matters for Employees
Currently, PF account holders are required to apply online through the EPFO portal for any claim, which can take several days to process. In urgent situations—such as medical emergencies, education, or home repairs—this delay can be distressing.
The proposed UPI and ATM integration would be a revolutionary change, ensuring that a major portion of the PF fund is just a tap or swipe away. It not only simplifies access but also enhances financial autonomy for millions of employees across India.
A Step Toward a Smarter, Faster EPFO
The ongoing reforms demonstrate the government’s intent to transform the EPFO into a more user-friendly and tech-driven organization. With the auto-claim limit already raised and digital withdrawal methods in the pipeline, the EPFO is clearly prioritizing speed, accessibility, and convenience.
While the official rollout date for ATM and UPI withdrawals is still awaited, employees are advised to stay updated through the EPFO portal and official government notifications.
Author Profile
- My name is Kuldeep Singh Chundawat. I am an experienced content writer with several years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
Latest entries
AUTOMOBILEJuly 12, 2025Hyundai Exter 2025 Review: Budget SUV with Premium Features, 6 Airbags & 29 km/kg Mileage- TECHNOLOGYJuly 12, 2025BSNL 5G Launch Update: Government Telecom Giant Prepares for 5G Rollout – Know When and Where It May Start
- INDIAJuly 12, 2025How to Get an SBI Personal Loan Quickly With Low Interest Rates
- AUTOMOBILEJuly 12, 2025TVS Raider 125 Review 2025: Sporty Looks, 60 km/l Mileage & Tech-Loaded Ride – Is This the Best 125cc Commuter?
Follow Us on WhatsApp