You have the option to make a partial withdrawal from your Employees' Provident Fund (EPF) account for purposes such as medical expenses, higher education, a wedding, or home renovations.

Secretary with the Ministry of Labour and Employment, Sumita Dawra, has announced plans to enable EPFO subscribers to withdraw money from their provident fund accounts directly via ATMs starting next year.

EPFO subscribers can withdraw their provident fund (PF) directly from ATMs. Know how this seamless feature works, its benefits, and the Ministry of Labour’s plans to modernise social security in India.

Starting January 2025, the Employees’ Provident Fund Organisation (EPFO) plans to introduce ATM-based withdrawals for provident fund (PF) subscribers. The Labour and Employment Ministry is upgrading its IT systems to streamline withdrawals,

The Labour Ministry said it is upgrading its IT systems to enhance services to the country's massive workforce.

Under this scheme, employees are required to contribute a portion of their salary to their respective PF accounts -- usually 12% -- and an equal amount is contributed by the employers as well.

SpiceJet has successfully cleared all pending employee provident fund (PF) dues amounting to INR 160.07 Crore, spanning over two years, reaffirming its commitment to employee welfare and financial accountability.

It depends on the current and receiving funds' rules. It’s also essential to understand the tax implications and administrative requirements involved.

Labour Secretary Sumita Dawra informed ANI that Employees' Provident Fund Organisation (EPFO) members may soon be able to withdraw funds from ATMs. She added that the Ministry of Labour and Employment is upgrading its IT infrastructure to provide improved services to India's workforce.