In a landmark move aimed at improving the 'ease of living' for members, the Employees’ Provident Fund Organisation (EPFO) has approved a significant change allowing members to withdraw up to 100% of their eligible Provident Fund (PF) balance. This decision was made during the 238th meeting of the Central Board of Trustees (CBT) in New Delhi, headed by the Union Minister for Labour and Employment Mansukh Mandaviya. The new rules promise to simplify and expedite the process for EPF members, enhancing financial accessibility.

Full withdrawals are now possible

Previously, EPF members could only fully withdraw their balance upon unemployment or retirement. Under the old rules, members were allowed to withdraw 75% of their balance after one month of joblessness, with the remaining 25% becoming

See Full Page