EPF Withdrawals Via ATM Possible, But Tax Rules May Reduce Benefits

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EPF ATM Withdrawals Coming: Instant Cash, But Tax Rules Remain

EPFO से आसान होगी निकासी पर टैक्स के नियम रहेंगे सख्त. (Image:AI)

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News18•22-03-2026, 20:46

EPF ATM Withdrawals Coming: Instant Cash, But Tax Rules Remain

•EPFO 3.0 to allow ATM withdrawals from PF accounts, making access to funds easier and quicker.
•Members may withdraw up to 75% of their PF balance for reasons like medical emergencies or house construction.
•Tax rules for PF withdrawals remain unchanged; withdrawals after 5 years of service are tax-free.
•Withdrawals before 5 years are taxable, added to income, and subject to TDS if over 50,000 rupees.
•While convenient, experts advise careful consideration before early withdrawals to avoid tax implications.

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