EPFO Eases Withdrawal Rules
The Employees' Provident Fund Organisation (EPFO) has liberalised its withdrawal rules, allowing 100% access under select conditions.
The minimum service period has been reduced to 12 months for all withdrawals, making the process simpler and more flexible.
- Expanded limits for education and marriage
- Streamlined framework divided into three categories:
- Essential Needs
- Housing Needs
- Special Circumstances
The decision aims to better align with the financial needs of its over seven crore subscribers.
The move aims to make the process simpler, more flexible and better aligned with the financial needs of its over seven crore subscribers.
Author's summary: EPFO simplifies withdrawal rules for subscribers.