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EPFO New Rules: Employees Provident Fund Organization (EPFO) has given a big relief to the employees by making a major amendment in its rules. EPFO members will now be able to withdraw up to 100% of their provident fund (PF) account balance, but with an important condition: members must maintain at least 25% of their account balance. This step has been taken to ensure that the retirement savings of employees are not completely exhausted and they have some capital for the future.

Under this new rule, members can now withdraw the entire amount—including both employee and employer contributions—from their account. However, the 25% amount cannot be tampered with. This balance will remain in the account, earn interest and serve as a reserve fund for retirement.

Withdrawal time limit extended to 12 months

The time limit for withdrawal after job loss has also been extended. Earlier, a waiting period of two months was required to withdraw the entire amount, which has now been increased to 12 months. This means that members can now withdraw their PF at any time, up to one year after leaving the job. At the same time, pension (EPS) withdrawal requires a longer waiting period—which is now fixed at 36 months.

Under the old rules, PF withdrawals were possible only in limited circumstances, such as higher education, buying a house, marriage or serious illness. There were different rules, minimum service periods and withdrawal limits for each of these reasons. These complex requirements caused problems for many employees.

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Why were these changes made?

EPFO aims to strike a balance between “easy access and financial discipline” through this change. The organization says the new system will provide employees with flexibility at the right time, as well as ensure long-term savings and retirement security.

This change is part of the EPFO ​​Vishwas scheme, which aims to digitally resolve old disputes, pending claims and unclaimed accounts. This will make the PF withdrawal process transparent and simple.

The government believes that these changes are a balanced solution for employees—they not only provide immediate financial relief, but also promote digital transactions, transparency, and financial stability. This will make the provident fund system modern, secure and reliable.

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The post EPFO ​​New Rules: After leaving the job, you will now be able to withdraw the entire money in so many days, you will have to wait a long time for EPS also; See all the details here appeared first on Latest.