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The Central Government is ready to launch a new version of EPFO 3.0 for members that will make the system favorable for workforce and more focused on employees’ needs planning their retirement revenue. Earlier in March 2025, the Government also announced that members would be able to withdraw their money through an ATM and an ATM.
The government strives to make a withdrawal system inappropriate and suitable for members to easily access their rescued funds in an emergency without any hassle, because in the current system, members must go through a long process.
This move of the Government will bring a positive change of members, especially when people are old, because they do not have to make an round to the EPFO office to withdraw their own saved money. It has been announced that the Ministry of Labor can introduce a new version in June 2025, which will open the way to withdraw, based in a mob or an ATM.
| EPFO new version | EPFO 3.0 |
| Expectation of implementation | June 2025 |
| Withdrawal | Through the Pick up or ATMS |
| Reason | In order to make the withdrawal procedure faster and suitable for members |
| The implementation of withdrawal | June/ July 2025 |
| Types of withdrawal | Partial, full or pension |
| Current procedure | Online via E-Sew or EPFO portal or EPFO office portal |
| Official website |
Withdrawal by question
EPFO tries to make a transaction faster and suitable for members through the withdrawal of the Provident Funds Fund based in Jack. The EPFO will include the absorption of funds to provide services to partnership with the Platform inquiry, although the name of the platform has not yet been discovered.
The scheme will allow members to transfer funds from the PI UPI, as they will follow the usual bank transfer. People who wonder about the step by step of a frame of withdrawal based on inquiries can view the following points:
- Members will be able to move on to the withdrawal of the EPFO on the Platform inquiry after the integration is together with the Platform inquiry.
- Your universal account number or uan that is associated with your EPFO account must be added.
- The platform will allow members to select the type of withdrawal, such as partial withdrawal, after retirement withdrawal, etc.
- After the end of the authentication procedure is the OTP authentication procedure for the entry of the desired retreat, the funds will be transferred to a member of the member or the ID ID.
Important Note: The aforementioned implementation process is the expected box based on the inquiry -in; However, as the Government did not disclose the implementation plan, members may expect some changes in the withdrawal of PF based in JAKE.
Withdrawal via ATM
EPFO members could also withdraw a transient fund via ATMs, where the authorities will publish a PF withdrawal card for members who will be associated with their UAN. Members will be able to withdraw money using PF cards only at approved ATMs.
According to the Government’s announcement, the ATM withdrawal will follow the same procedure as people regularly withdraw money from ATMs. When the organization sends a PF card to withdraw members, they will have to generate the PIN in the same way as the Bank ATMs to withdraw money.
Members should know that the withdrawal method will be based on the implementation of ATMs or PII, however, the rules for withdrawing funds from PF will be in accordance with EPFO withdrawal conditions. The government did not show interest in changing the rules for withdrawing EPFO, so it can remain the same even after a new version.
Who can withdraw?
EPFO allows withdrawal from the insurance fund only in certain conditions, that each member should be aware of, such as:
- Individuals cannot partially or fully withdraw PF for pensions until they are employed.
- A member may take up to 75% of their insured fund if the unemployed are at least a month or two months.
- If someone gets married or their child or brother/sister get married, for this purpose it can pull up to 50% PF.
- When an individual reaches the age of 58, they can start receiving their pension if they contribute for at least 10 years and withdraw full funds.
- Individuals can withdraw from PF if they have medical ambulance for themselves, spouses or other close family members at least six times.
- Individuals can also be withdrawn from PF to repay a home loan, buy a home or build houses.
- Individuals can also withdraw funds from PF if their child implements higher education after 10. To support their dreams.
Current procedure
EPFO members who want to withdraw money from their secured funds can send a withdrawal request through the EPFO internet services in the following steps:
- You should review the EPFO or E-Sewa portal portal and sign in by UAN and password entry.
- Then go to the online services option and select the withdrawal option, where you choose the type of withdrawal.
- After that, enter your information and documents, such as the bank information or the necessary documents related to PF, and sign in.
Once you have submitted a PF withdrawal request, the body will review your request, and if approved, the request will be transferred to your mentioned bank accounts in the week or 15 working days.
EPFO 3.0 will arrive in June 2025, members may expect a withdrawal via ATMS or June 2025 or later, according to the organization’s process to implement changes and complete integration to enable electronic withdrawal.
