The board of retirement fund body EPFO on Monday approved liberalised part withdrawals for over seven crore subscribers, allowing up to 100 per cent EPF withdrawal.

Trustee board takes key calls

According to a Labour Ministry statement issued on Monday (October 13), the Central Board of Trustees (CBT), the apex decision-making body of EPFO, headed by Labour Minister Mansukh Mandaviya, took several path-breaking decisions during its meeting.

To enhance the Ease of Living of EPF members, the CBT decided to simplify the partial withdrawal provisions of the EPF Scheme by merging 13 complex provisions into a single, streamlined rule categorised into three types – Essential Needs (illness, education, marriage, etc.), Housing Needs, and Special Circumstances.

Also read: EPFO raises auto-sett

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