Money trouble? EPFO withdrawal rules changed, get funds fast now

Jun 27, 2018, 16:49 PM IST
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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. 

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The decision comes after EPFO announced new provisions in the Employee Provident Fund Scheme 1952. (Image source: Pixabay)

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The EPFO members would have an option to withdraw remaining 25% of the funds after completion of two months of unemployment. (Image source: PTI)

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Even after withdrawal, EPFO members can keep their provident fund account with the body. (Image source: PTI)

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EPFO members can choose to go for final settlement too, but only after two months. (Image source: PTI)

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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)

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Earlier, 60% fund withdrawal limit was proposed for EPFO members, but the retirement fund body raised the limit to 75%. (Image source: PTI)

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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)

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EPFO has already invested Rs 47,431.24 crore till May end this year earning a return of 16%. (Image source: Reuters)

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