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CBT Approves Simplified, Liberalised EPF Partial Withdrawals To Enhance Member Convenience

Now, members will be able to withdraw upto 100 percent of the eligible balance in the Provident Fund, including employee and employer share.

New Delhi: The Central Board of Trustees (CBT), EPF on Tuesday approved simplified and liberalised partial withdrawals to enhance Employees Provident Fund (EPF) member convenience and retirement security.

The decision was taken in the 238th meeting of Central Board of Trustees (CBT), EPF, chaired by Union Minister for Labour and Employment Mansukh Mandaviya on Monday.

"To enhance ease of living of EPF members, CBT decided to simplify the partial withdrawal provisions of EPF Scheme by merging 13 complex provisions into a single,

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