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• 75 Percent PF Withdrawal: Many times, after losing a job or resigning, people face the need of money. In such a situation, their PF i.e. Provident Fund is a big support for the employees. However, people often have many questions in their minds regarding the rules for withdrawing money from PF. Now, after EPFO ​​has changed the withdrawal rules, the process of withdrawing money from PF is said to be easier than before.

What did EPFO ​​change in the rules for PF withdrawal?

Under EPFO ​​3.0, changes have been made to simplify the rules for partial withdrawal from PF. Earlier, various conditions and categories were applicable for different needs. Now these can be understood mainly in three big categories. Its objective is to make the process of PF withdrawal easier for the customers.

PF for emergency needs

Withdrawal for household needs

Option to withdraw up to 75% of PF in special circumstances

How much PF can be withdrawn after leaving the job?

If an employee loses his job or resigns from his job and becomes unemployed, then in such a situation the option to withdraw 75 percent of the total PF balance will be available. That means after leaving the job, if needed, the member can use 75 percent of his PF amount.

When will we be able to withdraw the remaining 25% PF?

Instead of immediately withdrawing the 25 percent amount remaining in the PF account, one will have to wait for the period of unemployment. According to the rules, if the farmer remains unemployed for 12 consecutive months, then he can get the option to withdraw the remaining 25 percent amount.

What was the rule of PF withdrawal earlier?

Earlier, in case of unemployment, one could withdraw the entire 100% amount of PF after being unemployed for two consecutive months. In the new changes, instead of withdrawing the entire amount immediately, arrangements have been made to withdraw 75 percent of the amount first and the remaining 25 percent later.