Day: June 27, 2018

EPFO Members Can Now Withdraw 75% Of PF Balance After 30 Days Of Unemployment

EPFO Members Can Now Withdraw 75% Of PF Balance After 30 Days Of Unemployment

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The retirement body Employees' Provident Fund Organisation (EPFO) on Tuesday decided to allow its members to withdraw upto 75 percent of outstanding balance from their PF accounts if they have been unemployed for more than a month. As per the existing rules, the EPFO members are entitled to withdraw their entire balance after two months of unemployment. This provision, however, continues to stay. "EPFO extends additional facility to unemployed members to avail non refundable advance upto 75 % of outstanding balance in case of unemployed for more than a month. Existing provision of complete withdrawal after two months of unemployment remains unchanged," tweeted EPF India on Tuesday after the meeting of Central of Trustees. "The decision was taken during the Central Board of Trustees (C...