
The Employees' Provident Fund Organisation (EPFO) is to introduce a revolutionary facility from June 2025 that will enable employees to withdraw their Provident Fund (PF) funds directly from ATMs and through UPI transactions. The new system, called EPFO 3.0, will simplify and speed up PF fund access, offering instant liquidity during emergencies.
Under EPFO 3.0, PF account holders will be provided with special withdrawal cards identical to bank ATM cards, directly linked to their PF accounts. With the help of such cards, members will be able to withdraw a predetermined amount of PF money instantly from any approved ATM. PF accounts can even be connected to UPI, allowing easy and instant transfers of money to bank accounts.
As far as withdrawal eligibility and intentions are concerned, the prevailing rules continue to apply:
This effort represents the government's digital financial inclusion push and is meant to enable more than 9 crore EPFO subscribers with quicker, simpler, and safer access to retirement savings. The implementation of EPFO 3.0 from June 1, 2025, is poised to revolutionize the Provident Fund withdrawal process, enabling ready access to emergency funds without jeopardizing long-term fiscal security.