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EPFO 3.0 to enable PF withdrawal via ATM, UPI soon; rollout expected soon
EPFO 3.0 aims to modernise digital withdrawals, including PF access via ATMs and UPI. The rollout is slated by end-May 2026, with mid-2026 envisaged for full deployment, along with auto-claims and direct transfers to bank accounts.
Why It Matters
The move could simplify provident fund access for subscribers and accelerate digital payments, reflecting increased automation in PF processes.
Timeline
3 Events
May 2026: PF withdrawal via ATM/UPI rollout expected
May 8, 2026
ET Now reports that PF withdrawals via ATMs and UPI will be rolled out by the end of May 2026 as part of EPFO 3.0. The rollout is expected to be fully completed by mid-2026, with EPFO issuing EPF-linked ATM cards, enabling balance checks on UPI, direct transfers to a preferred bank account, and secure updates to EPF accounts via OTP verification. Subscribers must have an active UAN with linked KYC documents (Aadhaar, PAN, bank account number, and IFSC).
April 2026: Mandaviya cites EPFO claims data
April 2026
Labour and Employment Minister Mansukh Mandaviya said in April 2026 that EPFO settled 83.1 million claims in FY 2025-26, up from 60.1 million in FY25. Of these, 5.51 crore claims were for advance or partial withdrawals, and 71.11% of advance claims were processed within 3 days in automatic mode (vs. 59.19% last year).
EPFO 3.0 launched
2025
EPFO 3.0 was launched in 2025 to modernise its digital framework and operational procedures.