EPFO interest-free withdrawal of funds possible? Good news may come; see how
The scheme is going to benefit at least five crore subscribers of the EPFO. Under the existing rules, the subscriber, who is out of the job for continuous two months, is supposed to go for a final settlement. There is no substitute for partial withdrawal in the existing rules. According to the sources, it is going to be a one-time withdrawal option. The sources also said, during the meet, CBT will also be deciding on that should they allow the subscriber to re-deposit the withdrawn money in his/her account or not.
EPFO interest-free withdrawal: Employees' Provident Fund Organisation may come up with a new provision for fund withdrawal. Image source: PTI