EPF Withdrawal Made Easy: Use ATM And UPI, Full Process Explained

by

For working professionals throughout India, it’s a huge development! A new provision is said to be introduced to allow EPF withdrawals through ATM and UPI platforms, making it easy for employees to get cash in case of emergencies without much delay.

EPF Gets Even Easier

In the past, there had to be an online portal for withdrawal from EPF, or the long offline procedure would have to be carried out. But in this new scheme, immediately some balance in their EPF could be withdrawn by an employee by using an ATM card or even any UPI-based mobile application like Google Pay, PhonePe, and Paytm.

Thus, the idea is to join EPFO with India’s rapidly growing digital banking world toward enhanced financial inclusion, keeping paperwork to the bare minimum

Eligibility

To avail of this facility, the following must be satisfied:

  • Be an active member of the EPF, having the UAN linked with Aadhaar and Bank Account;
  • Have e-KYC completed (Verification of Aadhaar, PAN, and Bank Detais);
  • Use an UPI ID or Debit Card of the same bank account that has been registered with EPFO. 

It is expected that this facility will be rolled out on phases, initially for major cities and later on throughout the country.

How To Withdraw EPF Via UPI Or ATM

For UPI withdrawal:

  1. Open your preferred UPI app (Google Pay, Phonepe, etc).
  2. Go to the “Bill payments” or “EPFO services” section (which appears once integrated).
  3. Select “EPF withdrawal.”
  4. Enter UAN and verify through OTP.
  5. Enter the amount and submit the withdrawal request.
  6. Upon approval from EPFO, the amount is credited to the bank account linked with UPI.

For ATM withdrawal:

  1. Insert the debit card in any participating ATM.
  2. Select the “EPF Services” option on the main menu.
  3. Enter the UAN and authenticate via OTP.
  4. Select the amount and complete the transaction.

Conclusion

Being a digital transformation to EPF services would witness India’s workforce go free for fund access. The setting up of ATM and UPI withdrawals simply empowers an employee to financially plan better in times of distress related to medical needs, education, or home repair.

Also Read:2025 Fitment Factor Update: Central Employees To Get Major Pay Boost

Leave a Comment