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Saturday 2 April 2016

EPFO puts on hold new PF withdrawal norms till Apr 30


EPFO puts on hold new PF withdrawal norms till Apr 30

Retirement fund body Employees Provident Fund (EPFO) on Friday deferred till April 30 the implementation of new norms that restrict 100 percent withdrawal of provident fund by members after unemployment of more than two months, among others. The EPFO subscribers who are out of job for more than two months can file for full and final settlement of provident fund till month end. In view of practical difficulties faced in implementation of the notifications, the new provisions will come into effect from May 1, 2016, a circular by the EPFO said.


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