‘PF money belongs to you': Labour Minister Mansukh Mandaviya says employees can soon withdraw 75% PF via ATM or UPI

The Employees’ Provident Fund Organisation (EPFO) is set to introduce a feature that will enable subscribers to withdraw their Employees' Provident Fund (EPF) through an ATM and via UPI, Union Labour Minister Mansukh Mandaviya announced in an interview with the ABP news channel.

EPF withdrawal reforms

“You can still withdraw your 75% EPF immediately, he said. "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.”

Minister Mandaviya added that the Ministry will link EPF withdrawals with UPI. He also mentioned the current EPF withdrawal procedure, where an EPF subscriber needs to file many forms to withdraw their provident fund.

In October 2025, EPFO approved major reforms for provident fund operations to be simpler, faster, and more transparent. The Labour Ministry merged as many as 13 categories to simplify the withdrawal framework.

Earlier, EPF subscribers could withdraw only their own contributions along with the interest earned, and even that was restricted to between 50% and 100% based on the specific reason for the EPF withdrawal.

Also read: ‘Fitness ka jugaad nahi hota, boss’: Shaadi.com’s Anupam Mittal says Ozempic won’t solve India’s obesity problem (startuppedia.in)

Big change from previous EPF rule

Under the newly introduced framework, the withdrawable amount will also include the employer’s contribution in addition to the employee’s contribution and interest.

As a result, employees can now withdraw 75% EPF corpus, which will be significantly higher than what a member was eligible to withdraw under the earlier rules.

Earlier, the eligibility period for withdrawals varied by purpose and could extend up to seven years, making EPF withdrawals a taxing task.

This has now been standardised to a uniform 12 months for all types of EPF withdrawals, making the process easier to understand and allowing employees to access their money sooner. As a result, EPF members can now withdraw a larger amount after completing just one year of service.

Watch | पीएफ खाताधारकों के लिए राहत की खबर है. मनसुख मांडविया ने कहा, 'अब UPI से तुरंत निकाल सकेंगे PF का 75% पैसा'#IndiaAt2047#MansukhMandaviya#PFAccount#employee#abpnews@MeghaSPrasadpic.twitter.com/WejzGUCZkh

— ABP News (@ABPNews) December 15, 2025

Also read: ‘We’ve been trying crazy ideas’: Bengaluru founder says promoting his snack brand on IndiGo flight has been most “nerve-racking” (startuppedia.in)