Hurry up! 15 more days and you won't be able to withdraw your full EPF until you turn 58
Advertisement
Advertisement
New It was on Feb 10, 2016 that the ministry of labour and employment had made huge changes in the EPF rules, which would now restrict the withdrawal of EPF corpus.
Earlier, a member of EPFO could withdraw 100% of the accumulated corpus, the sum total of employer's contribution, employee's contribution and their interest, if (s)he had been unemployed for a period of 2 months or more. However, the new EPF rules put a restriction on the amount that can be withdrawn. The new rule says that a member, after being unemployed for 2 months or more, will only be able to withdraw his own contribution and the interest earned on it. This means that the sum of employer's contribution and its interest will be able to be withdrawn only after the age of 58 years.
However, as a lollipop for the customers, the rule says that 90% of the employer's contribution plus interest can be withdrawn at the age of 57 years.
Image source
Advertisement
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- SC rejects pleas seeking cross-verification of votes cast using EVMs with VVPAT
- Ultraviolette F77 Mach 2 electric sports bike launched in India starting at ₹2.99 lakh
- Deloitte projects India's FY25 GDP growth at 6.6%
- Italian PM Meloni invites PM Modi to G7 Summit Outreach Session in June
- Markets rally for 6th day running on firm Asian peers; Tech Mahindra jumps over 12%
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market