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EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?

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EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. how-does-it-work-and-what-should-you-expect.html
  Print publication without navigation Published in Business and Finance on , Last Modified on 2026-04-17 15:30:53 by India TV

EPFO subscribers can withdraw their provident fund (PF) directly from ATMs. Know how this seamless feature works, its benefits, and the Ministry of Labour's plans to modernise social security in India.

The Employees' Provident Fund Organisation (EPFO) is set to introduce a new feature by March 2025, allowing members to withdraw funds from their provident fund accounts directly through ATMs. This initiative aims to simplify the withdrawal process, making it more convenient for subscribers. Currently, EPFO members can access their funds for various purposes like medical emergencies, education, marriage, or housing, but the process involves several steps including online applications or visiting EPFO offices. With the new system, members will use their Universal Account Number (UAN) linked to Aadhaar for authentication, enhancing both security and ease of access. This move is part of EPFO's broader strategy to digitize and streamline its services, reducing the need for physical interactions and paperwork.

Read the Full India TV Article at:
https://www.indiatvnews.com/business/personal-finance/provident-fund-withdrawals-atm-epfo-2025-employees-provident-fund-epfo-uan-2024-12-12-965856


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