New Delhi: In a major relief for jobless individuals, the Employees’ Provident Fund Organisation (EPFO) has announced that unemployed members can now withdraw their provident fund savings after 12 months of being out of work. The decision, approved by the Central Board of Trustees chaired by Labour Minister Mansukh Mandaviya on October 13, aims to provide financial support to those struggling during periods of unemployment.

What has changed in the EPFO withdrawal rule?

Under the new EPFO rules, unemployed members can now withdraw their full provident fund amount after 12 months of being jobless. However, they will be eligible to withdraw their pension benefits only after 36 months. Earlier, both withdrawals were allowed after just 2 months of unemployment, making this a major policy cha

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