Employees provident fund organisation brings in cheer for its members

Provident Fund
Employees provident fund organisation brings in cheer for its members

Employees Provident Fund Organisation(EPFO) members can now withdraw 75% of their funds after one month of unemployment.

Members will have the option to withdraw remaining 25% funds & settle the account after two months of unemployment.

This comes under the new provision in the employee provident fund scheme in 1952.

Currently, a subscriber can with withdraw funds & settle the account after two months of unemployment.

Source: CNBC TV 

 

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