EPFO UPI ATM : The Employees’ Provident Fund Organisation (EPFO) has made a groundbreaking move by introducing UPI-enabled ATM withdrawals for Provident Fund (PF) accounts. While this offers easier and faster access to your PF money, it comes with a new set of charges that every employee must know about. In this article, we explain the latest EPFO UPI ATM rules, withdrawal charges, limits, and what it means for your hard-earned savings.
What Is EPFO’s New UPI ATM Withdrawal Facility?
- EPFO has introduced the option to withdraw PF money directly via UPI-enabled ATMs.
- This service is aimed at offering quicker access to funds without needing a traditional bank visit.
- Members can now use their UPI apps (like Google Pay, PhonePe, Paytm, BHIM) to withdraw PF funds.
- This feature is rolling out in phases and will be available nationwide soon.
Charges for Withdrawing PF Money via UPI ATM
The convenience of UPI ATM withdrawals comes at a cost. EPFO has outlined nominal charges that will apply when withdrawing PF money using this method.
Key Points About Charges:
- First 3 withdrawals of the month: Free
- Beyond 3 withdrawals: Chargeable
- Withdrawal charges after free limit: ₹10 to ₹15 per transaction (plus GST)
- Failed transactions (after limit): ₹5 to ₹7 chargeable
- Balance enquiry: Free for up to 5 times per month, chargeable thereafter
Full Table of EPFO UPI ATM Withdrawal Charges
| Transaction Type | Free Limit per Month | Charge After Limit | Additional Notes |
|---|---|---|---|
| Cash Withdrawal | 3 transactions | ₹10-₹15 + GST | Subject to revision |
| Balance Enquiry | 5 enquiries | ₹5 + GST | |
| Mini Statement | 2 statements | ₹5 + GST | |
| Fund Transfer (within EPFO) | 2 transactions | ₹10 + GST | Only EPFO-linked accounts |
| Fund Transfer (other banks) | 1 transaction | ₹15 + GST | Inter-bank charges apply |
| Failed Withdrawal Attempt | N/A | ₹5-₹7 + GST | Insufficient balance cases |
| PIN Change | 2 times | ₹5 + GST |
Why Is EPFO Introducing Withdrawal Charges?
- To maintain operational costs of the UPI ATM infrastructure.
- To discourage unnecessary transactions and misuse of the facility.
- To align the withdrawal system with banking standards followed in regular ATM transactions.
Key Benefits of UPI ATM for EPFO Members
Despite the charges, the new system offers several advantages:
- Instant access to PF funds without waiting for bank clearance.
- No need to carry debit cards or visit banks physically.
- Reduced dependence on traditional EPFO offices.
- Accessible 24/7 through partnered UPI apps and banking apps.
- Highly secure with UPI PIN authentication and SMS alerts.
Limitations and Conditions to Keep in Mind
- Daily withdrawal limit: ₹10,000 (can vary by bank/UPI app).
- Monthly maximum limit: ₹50,000 from PF via UPI ATM.
- Only EPFO-registered mobile number-linked UPI IDs are accepted.
- UPI apps must be updated to the latest version supporting ATM withdrawals.
- Failed transactions due to network issues might still attract charges beyond the free limit.
How to Withdraw PF Money Using UPI ATM – Step-by-Step Guide
Follow these simple steps to withdraw your PF money:
- Visit a UPI-enabled ATM.
- Select “UPI Withdrawal” option on the ATM screen.
- Scan the QR code displayed on the ATM screen using your UPI app.
- Enter the withdrawal amount.
- Approve the transaction by entering your UPI PIN.
Collect your cash from the ATM after successful authentication.
Full Table of PF Withdrawal Limits and Conditions
| Criteria | Limit/Condition |
|---|---|
| Daily Withdrawal Limit | ₹10,000 |
| Monthly Withdrawal Limit | ₹50,000 |
| Free Withdrawals Per Month | 3 transactions |
| Free Balance Enquiries | 5 times |
| Transaction Fee After Limit | ₹10 to ₹15 + GST per withdrawal |
| Eligible UPI Apps | Google Pay, PhonePe, Paytm, BHIM, Others |
| Required Authentication | UPI PIN |
| Mobile Number Linking | Mandatory with EPFO and UPI |
Will This Affect Your Savings?
It is important to understand that small charges on frequent withdrawals could add up over time. Employees are advised to:
- Plan PF withdrawals smartly to avoid unnecessary charges.
- Use traditional EPFO claim methods for large withdrawals if needed.
- Monitor UPI app updates for any additional charges or changes in terms.
The EPFO UPI ATM initiative is a big step towards making PF withdrawals more convenient and digital-friendly. However, with this ease comes a responsibility to manage withdrawals carefully to avoid extra charges. Employees must stay informed about the limits and fees to maximize the benefits of this new facility while safeguarding their savings. Always check the latest notifications from EPFO or your UPI app provider to stay updated with any further changes in charges or withdrawal rules.
All information mentioned is based on available notifications as of April 2025. Charges and conditions are subject to revision by EPFO or partner banks. Always verify with the official EPFO portal or your UPI app before initiating transactions.
How much is charged for withdrawing PF money from EPFO UPI ATM?
The article reveals the shocking details inside.
What are the shocking details about withdrawing PF money from EPFO UPI ATMs?
Find out the charges and details for ATM withdrawals.
What are the ATM withdrawal fees for EPFO UPI when accessing PF money?
The blog post reveals the charges for withdrawing PF money from ATMs.
What are the specific charges for withdrawing PF money from EPFO UPI ATMs?
The blog post reveals the precise fees for PF money withdrawals.
How does EPFO UPI ATM fee for PF money withdrawal compare to others?
It may vary but can be higher than regular ATM withdrawals.
What are the implications of EPFO UPI ATM charges on PF withdrawals?
Implications include financial planning adjustments and possible alternative withdrawal methods.
How do EPFO UPI ATM fees for PF withdrawals impact account holders?
Account holders may face unexpected charges affecting their withdrawal decisions.
What are the key factors to consider when withdrawing PF money from EPFO UPI ATMs?
Consider transaction limits, security measures, and convenience options.
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