Big Alert For Diwali! EPFO Withdrawal Clarification: When To Withdraw 75% & 100% From EPF & EPS Accounts

To make the joy of Diwali even more sweeter, the Employees' Provident Fund Organization (EPFO) has revised its withdrawal rules for EPF and EPS account, making it simpler and efficient for accountholders to withdraw hefty sums. However, recently, a social media post has circulated misleading claims regarding the withdrawal rules and provisions, which has confused citizens. Accordingly, EPFO has clarified exactly when citizens can withdraw 75% and 100% of their EPF accounts.

EPFO Withdrawal New Rules:

The CBT has merged the existing 13 types of partial withdrawal provisions into one unified and simplified framework. Earlier, a subscriber was allowed to withdraw only the employee contribution and interest ranging from 50% to 100%.

But under the new rule, the withdrawable amount will also include employer contribution besides employee contribution and interest.