You will be able to withdraw PF through ATM from 2025

Employees Provident Fund Organization (EPFO) A big good news has come out for 7 crore members of . The government is soon going to make EPF withdrawal easier. Now EPFO ​​members Facility to withdraw PF through ATM About to meet. labor secretary Sumita Dawra Has informed about this big change. Let us know in detail about this new facility and its benefits.

Improvement in IT system: Big change will come in 2025

Ministry of Labor and Employment to improve its services IT systems of EPFO Is engaged in upgrading. labor secretary Sumita Dawra Told that from 2025 EPFO ​​members will see many major reforms.

PF withdrawal facility from ATM

• Direct ATM withdrawal:
  EPFO members next year i.e. January 2025 From Withdraw money from your PF account through ATM Will be able to.
• IT 2.1 version:
  EPFO’s IT system has been upgraded 2.1 version Will come in, which will make the process of PF withdrawal faster and easier.
• Technologies Similar to Banking:
  EPFO’s new IT system will be as advanced as the banking system, which will provide better and faster service to the members.

Work on advanced technology of EPFO

Improving Processes:

• Unnecessary processes are being removed.
• The digital system is being strengthened to speed up PF claims.
• self-claim The process has been made simple and easy.

Benefits of the new feature:

• Direct withdrawal facility through ATM.
• Members will be freed from lengthy procedures.
• There will be speed and transparency in PF withdrawal.

Number of EPFO ​​members and government’s commitment

• More than 7 crore active subscribers:
  Currently in EPFO More than 7 crore active members Are.
• Improve quality of life:
  Labor Secretary said that by improving the services of EPFO quality of life of people The aim of the government is to improve.

New card for PF withdrawal:

• New ATM withdrawal card:
  government is such new card Is planning to release, through which members will be able to withdraw PF directly from ATM.
• 50% Withdrawal Limit:
  Under this facility, members can withdraw their total deposited PF amount. up to 50 Will be able to take it out.

Current EPFO ​​Withdrawal Rules

1. Withdrawal during job:
   • You cannot withdraw the entire amount of PF while you are in job.
   • Partial withdrawals are permitted under certain circumstances.
2. Withdrawal during unemployment:
   • 1 month unemployment of PF balance after up to 75% Can be taken out.
   • 2 months unemployment After this you can withdraw your entire PF amount.