{"id":15144,"date":"2025-09-24T12:06:17","date_gmt":"2025-09-24T12:06:17","guid":{"rendered":"https:\/\/tezgyan.com\/index.php\/2025\/09\/24\/epfo-atm-withdrawals-facility-likely-to-be-rolled-out-from-january-2026-says-report-savings-and-investments-news\/"},"modified":"2025-09-24T12:06:17","modified_gmt":"2025-09-24T12:06:17","slug":"epfo-atm-withdrawals-facility-likely-to-be-rolled-out-from-january-2026-says-report-savings-and-investments-news","status":"publish","type":"post","link":"https:\/\/tezgyan.com\/index.php\/2025\/09\/24\/epfo-atm-withdrawals-facility-likely-to-be-rolled-out-from-january-2026-says-report-savings-and-investments-news\/","title":{"rendered":"EPFO ATM Withdrawals Facility Likely To Be Rolled Out From January 2026, Says Report | Savings and Investments News"},"content":{"rendered":"


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The EPFO’s Central Board of Trustees is likely to give approval for the ATM-withdrawal facility in its upcoming board meeting in the second week of October.<\/h2>\n
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EPFO ATM Withdrawals Facility Soon.<\/p>\n<\/figure>\n

EPFO ATM Withdrawals Facility:<\/strong> Employees\u2019 Provident Fund (EPF) subscribers may be able to withdraw their PF savings directly from ATMs from January 2026, as the Employees\u2019 Provident Fund Organisation (EPFO) is likely to roll out the facility in the first month of the new year 2026, according to a Moneycontrol<\/em> report citing sources.<\/p>\n

The report added that the EPFO\u2019s Central Board of Trustees (CBT) is likely to give approval for the ATM-withdrawal facility in its upcoming board meeting, which is scheduled to be held in the second week of October. The CBT is the apex decision-making body of the EPFO.<\/p>\n

\u201cWe\u2019ve learnt that the IT infrastructure of the EPFO is ready to allow for such transactions,” a member of the CBT told Moneycontrol<\/em>. \u201cThere will be a withdrawal limit from ATMs, but this has to be discussed,” the person added.<\/p>\n

Currently, PF withdrawals involve filing claims and waiting for processing.<\/p>\n

The EPFO currently holds a corpus of about Rs 27 lakh crore and provides an interest rate of 8.25 per cent, backed by a sovereign guarantee. It collected over Rs 3.41 lakh crore in contributions in FY 2024-25 through 1.25 crore electronic challan cum returns (ECRs) filed by employers.<\/p>\n

Last week, Union Labour Minister Mansukh Mandaviya announced key reforms undertaken by the Employees\u2019 Provident Fund Organisation (EPFO) to ensure provision of efficient, transparent and user-friendly services to its members.<\/p>\n

The EPFO on September 18 introduced a new facility called \u2018Passbook Lite\u2019 within its member portal. It will enable members to easily check their passbook and the related summarised view of the contributions, withdrawals and balance in a simple and convenient format through the member portal itself, without having to go to the passbook portal.<\/p>\n

The minister also rolled out the facility of online access to Annexure K (Transfer Certificate) for PF transfer transparency.<\/p>\n

At present, when employees change jobs, their PF accounts are transferred to the new employer\u2019s PF office through Form 13 online.<\/p>\n

After the transfer, a Transfer Certificate (Annexure K) is generated by the previous PF office and sent to the new PF office.<\/p>\n

Until now, Annexure K was only shared between PF offices and was made available to members only on their request.<\/p>\n

A reform has been introduced that now enables members to directly download Annexure K in PDF format from the Member Portal itself.<\/p>\n

The EPFO has also taken steps to reduce and rationalise the approval hierarchy. Powers that earlier rested with RPFC\/Officer-in-Charge have now been delegated to Assistant PF Commissioners and subordinate levels in a structured, tiered manner.<\/p>\n

At present, any EPFO services such as PF transfers, settlements, advances, and refunds require approvals from higher-level officers (RPFC\/Officer-in-Charge).<\/p>\n

This multi-layered approval process often led to delays and longer processing times for members\u2019 claims.<\/p>\n

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\"Mohammad<\/figure>\n

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Mohammad Haris<\/a><\/p>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More<\/span><\/p>\n<\/div>\n<\/div>\n

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More<\/span><\/p>\n<\/div>\n<\/div>\n

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First Published:<\/span><\/p>\n
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September 24, 2025, 23:05 IST<\/p>\n<\/div>\n<\/div>\n

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Last Updated:September 24, 2025, 23:05 IST The EPFO’s Central Board of Trustees is likely to give approval for the ATM-withdrawal facility in its upcoming board meeting in the second week of October. EPFO ATM Withdrawals Facility Soon. EPFO ATM Withdrawals Facility: Employees\u2019 Provident Fund (EPF) subscribers may be able to withdraw their PF savings directly…<\/p>\n","protected":false},"author":1,"featured_media":2437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":["post-15144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/15144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/comments?post=15144"}],"version-history":[{"count":0,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/posts\/15144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media\/2437"}],"wp:attachment":[{"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/media?parent=15144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/categories?post=15144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tezgyan.com\/index.php\/wp-json\/wp\/v2\/tags?post=15144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}