Day: July 7, 2018

The EPF Withdrawal Rules Just Got Cooler

The EPF Withdrawal Rules Just Got Cooler

Buzz
  The Employee’s Provident Fund (EPF) is part of your salary that is deducted every month and channelled towards your retirement fund. This is a retirement benefit scheme run by the Employees Provident Fund Organisation of India (EPFO). Any company with more than 20 employees is legally bound to register itself with EPFO and provide EPF benefits to its employees. Withdrawals are generally not allowed from your EPF account, unless you are unemployed or want to be self-employed, etc. As per the rules, you can withdraw money from this account only if you have had no job for a period of two months and are without a job at the time of withdrawal. However, the two months tenure proved a little difficult for people who came in need of money when unemployed. With this in mind, the EPFO