When will EPF withdrawals be available via ATMs and UPI?

EPF withdrawals are expected to be available via ATMs and UPI by April 2026.

What is the interest rate for EPF in fiscal year 2025-26?

The interest rate for the EPF scheme for fiscal year 2025-26 is fixed at 8.25%.

When will the four new Labour Codes be implemented?

The four new Labour Codes are scheduled to be implemented on April 1.

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EPF Withdrawals to Get ATM, UPI Access by April 2026

9 Feb

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Summary

EPF withdrawals will be accessible via ATMs and UPI by April 2026.
The Labour Ministry will implement four new Labour Codes on April 1.
The EPF interest rate for fiscal year 2025-26 is fixed at 8.25%.

EPF Withdrawals to Get ATM, UPI Access by April 2026

By April 2026, provident fund users will be able to withdraw their dues through ATMs and the unified payments interface (UPI). The Centre is currently conducting trials with banks to operationalize these new withdrawal methods. This simplification aims to reduce the effort required by users, who currently face a process involving multiple forms.

The Employees' Provident Fund (EPF) is a key retirement benefit for salaried employees, with both employees and employers contributing 12% of basic salary and dearness allowance. For the fiscal year 2025-26, the EPF interest rate has been fixed at 8.25%.

In addition to EPF withdrawal enhancements, the Labour Ministry is set to implement four new Labour Codes on April 1. This move follows discussions and differing opinions from trade unions, with some expressing concerns that the codes favor corporate interests, while others have shown acceptance.