The Employee Provident Fund (EPF) is a crucial retirement savings scheme for salaried employees in India. While withdrawing PF usually involves an online or offline application through the Employees’ Provident Fund Organisation (EPFO), many wonder whether it is possible to withdraw PF directly from an ATM.
EPFO is going to introduce ATM cards for members so that they can withdraw their provident fund (PF) anywhere and at any time. This facility will provide them with more flexibility and accessibility towards their savings.
Currently, EPFO does not allow direct PF withdrawals from an ATM like a regular bank transaction. However, employees can withdraw their PF through bank accounts linked to their EPF by following an online or offline process.
Since ATM withdrawal is not an option, here’s a step-by-step guide to withdrawing your PF through the official methods. The Employees’ Provident Fund Organisation (EPFO) is all set to implement revolutionary changes in its rules and services in 2025 by bringing EPFO 3.0.
1. Online PF Withdrawal Through EPFO Portal
The fastest way to withdraw PF is via the EPFO’s Unified Member Portal. Here’s how:
Visit the EPFO Website – Go to https://unifiedportal-mem.epfindia.gov.in/.
Login to Your Account – Enter your UAN (Universal Account Number) and password.
Check KYC Details – Ensure your Aadhaar, PAN, and bank details are updated.
Select ‘Online Services’ – Click on ‘Claim (Form-31, 19, 10C & 10D)’.
Choose the Withdrawal Type – Select full withdrawal, partial withdrawal, or pension withdrawal.
Verify with OTP – An OTP will be sent to your registered mobile number linked to Aadhaar.
Submit Your Request – Once verified, submit the withdrawal request. The amount will be credited to your registered bank account within 7-10 working days.
2. Offline PF Withdrawal via Bank
If you prefer the offline method, follow these steps:
Download the Composite Claim Form – Available on the EPFO website or at your nearest EPF office.
Fill in the Details – Provide your UAN, bank account, Aadhaar, and employment details.
Get Employer Attestation – If your Aadhaar is not linked, your employer must verify the form.
Submit the Form – Visit your regional EPFO office or the bank where your salary account is held.
Receive the Amount – The amount will be transferred to your bank account within 15-20 days.
Ensure your UAN is activated and linked to Aadhaar, PAN, and your bank account for smooth processing.
PF withdrawal is tax-free if withdrawn after 5 years of continuous service.
Partial withdrawals are allowed for medical emergencies, education, marriage, or home loans.
While ATM withdrawals for PF are not possible, employees can easily withdraw their provident fund through online or offline methods. The EPFO’s digital services have simplified the withdrawal process, making it quick and hassle-free. Always ensure your KYC details are updated for a seamless experience.
