The Employees’ Provident Fund Organisation (EPFO) – a government-run social security institution that manages provident fund and pension schemes for organised sector employees – has recently revised rules for partial and complete withdrawal of provident fund during employment and post-job loss.

In a major change to the existing rules, the government has now said that in case of unemployment, 75% of the PF balance (including both employer and employee contributions along with the interest earned) can be withdrawn immediately. The remaining 25% can be withdrawn after one year.

Regarding EPS fund access in case of job loss, the proposed provision allows members to withdraw their pension accumulation after 36 months, instead of the current 2 months. According to the government, this move

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