Members will also be able to withdraw upto 100% of the eligible balance in the provident fund including employee and employer share. (Photo: Vijay Sartape/ NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Union government has tightened the rules by extending the time period for receiving premature final settlement to 12 months from two. It also extended the time needed for premature pension withdrawal from two months to 36 months.

This decision, among many others, was taken at the 238th meeting of the Central Board of Trustees EPF in New Delhi on Tuesday. It was chaired by Minister for Labour and Employment Mansukh Mandaviya, according to a press release.

The central government also announced a new requirement of keeping 25% of the contributions in the me

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