Money trouble? EPFO withdrawal rules changed, get funds fast now
Retirement fund body EPFO members can now benefit from changed rules. EPFO members can now withdraw 75% of their funds after 1 month of unemployment. Full withdrawal can be made after two months, and even after full withdrawal, they can keep their PF account with the body.
The decision comes after EPFO announced new provisions in the Employee Provident Fund Scheme 1952. (Image source: Pixabay)
The EPFO members would have an option to withdraw remaining 25% of the funds after completion of two months of unemployment. (Image source: PTI)
Even after withdrawal, EPFO members can keep their provident fund account with the body. (Image source: PTI)
EPFO members can choose to go for final settlement too, but only after two months. (Image source: PTI)
At present, in case of unemployment, EPFO subscribers can withdraw their funds after two months and settle the account in one go. (Image source: PTI)
Earlier, 60% fund withdrawal limit was proposed for EPFO members, but the retirement fund body raised the limit to 75%. (Image source: PTI)
Significantly, in a move that will help EPFO members to gain better returns, it was revealed that EPFO's ETF investment is set to cross Rs 1 lakh crore mark. (Image source: Pixabay)
EPFO has already invested Rs 47,431.24 crore till May end this year earning a return of 16%. (Image source: Reuters)