#ZeeBusiness EPFO Withdrawal Rules: Good News! अब बिना वजह निकाल सकेंगे पैसा! EPFO Passbook | Zee Business
EPFO Withdrawal Rules: Good News! अब बिना वजह निकाल सकेंगे पैसा! EPFO Passbook | Zee Business
The Indian government is planning major reforms in EPFO (Employees’ Provident Fund Organisation) withdrawal rules. Currently, employees can only withdraw PF money for specific reasons such as marriage, education, house construction, medical emergency, or unemployment. This often restricts employees from accessing their own savings when needed.
Under the proposed changes, employees will be allowed to withdraw money up to six times a year without providing any specific reason. However, a cap will remain in place, allowing only up to 50% of the PF balance to be withdrawn at a time. This ensures that while employees get financial flexibility for emergencies and day-to-day expenses, their retirement corpus remains protected.
Experts highlight that since EPFO invests nearly ₹9-10 lakh crore annually, frequent withdrawals may impact its investment capacity and long-term interest rates. Still, the move is seen as a major relief for over 7 crore EPFO members across India, giving them financial independence, flexibility, and easy access to their funds.
#epfo #epfo_pension_news_today #epfonews #epfo_nomination #zeebusiness
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