Now, members will be able to withdraw up to 100% of the eligible balance in the Provident Fund, including employee and employer shares. (Photo: EPFO/YouTube) Show Quick Read Summary is AI Generated. Newsroom Reviewed
The government will notify the new Employees’ Provident Fund Organisation (EPFO) norms within the next one to one-and-a-half months, according to official sources.
The revised rules, approved by the Central Board of Trustees, are part of a broader effort to simplify provident fund withdrawals and strengthen retirement savings. Once implemented, the changes will alter how members access their provident fund and pension balances, extending the waiting period for premature withdrawals and final settlements.
The upcoming framework will also consolidate 13 withdrawal provis