New Advance PF Withdrawal Rules You Need to Know in 2025
Retirement May 21, 2025
Siddhi Sharma, CFP®
Money Coach, Lxme } NISM Certified
The Employees’ Provident Fund Organisation (EPFO) has introduced important changes in 2025 to streamline the PF withdrawal process. These reforms are particularly beneficial for working women, offering enhanced flexibility and reduced unnecessary formalities and paperwork.
Let’s break down the Advance PF Withdrawal Rules for you.
Key Changes in EPFO Rules of PF Withdrawal Process for 2025
1. Elimination of Cancelled Cheque/Passbook Upload
What’s New:
EPFO has removed the requirement to upload a cancelled cheque or an attested bank passbook when filing online PF withdrawal claims.
Implication:
This change simplifies the withdrawal process, reducing the chances of claim rejections due to poor-quality uploads. Also, need to keep a cancelled cheque or passbook while claiming, which becomes a hurdle in this digital era.
2. No Employer Verification for Bank Account Seeding
What’s New:
You don’t need your employer’s approval anymore to verify the bank account linked to your EPF account (UAN).
What It Means:
This accelerates the claim settlement process, especially benefiting those who may face delays in obtaining employer verification.
3. Simplified Bank Account Updates
What’s New:
Members can now update their bank account details by entering the new account number and IFSC code, authenticated through Aadhaar-based OTP verification.
Implication:
This facilitates seamless updates to bank information without the need for employer intervention.
EPF Withdrawal Eligibility:
- Partial Withdrawal: Members can withdraw a portion of their EPF balance for specific purposes such as medical emergencies, marriage, education, or home purchase.
- Full Withdrawal: Allowed upon retirement, reaching the age of 58, or remaining unemployed for two months or more.
Withdrawal Limits:
- The amount eligible for withdrawal varies based on the reason and the member’s years of service. For instance, up to 90% of the EPF balance can be withdrawn for home purchase after completing five years of service.
Note: It’s essential to ensure that your UAN is active and KYC-compliant to facilitate smooth withdrawal processes.
These changes, first tested on May 28, 2024, for KYC-compliant members, have already helped 1.7 crore people. After its success, EPFO has extended the benefit to all members. Since bank details are verified during UAN linking, extra documents are no longer needed.
The Employee PF Withdrawal Rules 2025 by EPFO mark a significant progress towards empowering working professionals and working women by simplifying financial processes. By reducing administrative barriers, EPFO enables women to manage their retirement savings more efficiently and independently.
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FAQs:
How long does it take to receive PF after applying online?
It generally takes 20 days to settle a claim or release the PF amount.
What is the new withdrawal limit under EPF rules?
The Employees’ Provident Fund (EPF) withdrawal limits vary depending on the reason for withdrawal, years of service, and other factors. So, while withdrawing, check the limits.
Further read:
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