In a big step to make provident fund access easier, the Employees’ Provident Fund Organisation (EPFO) has now allowed members to withdraw up to 100% of their eligible PF balance , covering both employee and employer contributions.

The decision was taken at the 238th meeting of the Central Board of Trustees (CBT) held in New Delhi.

FULL PF ACCESS PERMITTED

Until now, full PF withdrawal was only allowed in cases of unemployment or retirement. A member could take out 75% of the balance after one month of job loss and the remaining 25% after two months. Full withdrawal at retirement had no restrictions.

For partial withdrawals, members could take up to 90% of their account balance for purposes like buying land, building a home or repaying a housing loan.

With the new decision, EPFO mem

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