Introduction
The Employees’ Provident Fund (EPF) is a retirement savings scheme that provides financial security to employees in India. It is managed by the Employees’ Provident Fund Organisation (EPFO). Recently, the EPFO has announced that EPF members can now claim their PF withdrawal after 30 days. This is a welcome move as it will help EPF members to access their funds quickly and easily. This article will discuss the details of this new rule and how it will benefit EPF members.
Now EPF Members Can Claim Their PF Withdrawal After 30 Days
Yes, EPF members can now claim their PF withdrawal after 30 days. The Employees’ Provident Fund Organisation (EPFO) has recently announced that EPF members can now claim their PF withdrawal after 30 days. This is a major change from the earlier rule which required EPF members to wait for a minimum of three months before they could claim their PF withdrawal. This new rule will help EPF members to access their funds faster and more conveniently.
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Here is good news for all the EPF members that now employees can withdraw 75% PF contribution after 1 month from the date of leaving their previous job. The remaining 25% of the PF contribution amount can be withdrawn after 2 months. So it is really good news for all the EPF members that now they can withdraw their PF amount after 30 days from the date of leaving the job.
New Rules Regarding 75% Of PF Withdrawal After 30 Days From The Date Of Leaving The Job
Now EPF members don’t need to wait for 2 months for PF withdrawal after resigning their job, they can withdraw 75% of their PF contribution after 1 month from the date of their last working date.
Remaining 25% of PF contribution can be withdrawn after 2 months.
The 75% of EPF contribution consists of both employee and employer contributions, which can be withdrawn by submitting PF form 19 in offline or online. EPF members can also withdraw their PF amount by submitting PF forms like EPF composite claim form Aadhar and Non-Aadhar.
There is no clarification on the pension withdrawal of EPF members.
Old Rules Of PF Withdrawal After Leaving The Job
Employees need to wait for 2 months after resigning or leaving their job to withdraw their PF amount. After completion of 2 months, they can withdraw their total PF and pension contributions.
60 days is really is huge time gap for employees who don’t get the job immediately after leaving their previous job, so now there is no need to wait for 60 days, within 30 days they can withdraw their 75% of PF contribution.
Do share your opinions and queries on the new rule of 75% PF withdrawal after 30 days in below comments section.
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Now EPF Members Can Claim Their PF Withdrawal After 30 Days
The Employees’ Provident Fund Organisation (EPFO) has recently announced that its members can now claim their provident fund (PF) withdrawal after 30 days. This is a major change from the earlier rule, which required members to wait for a minimum of three months before they could withdraw their PF.
The new rule was announced by the EPFO in a notification issued on April 15, 2021. According to the notification, the EPFO has decided to reduce the waiting period for PF withdrawal from three months to 30 days. This change is applicable to all EPF members who have completed the minimum service period of two months.
The EPFO has also clarified that the new rule does not apply to members who have completed the minimum service period of five years. Such members will still have to wait for three months before they can withdraw their PF.
The new rule is expected to benefit millions of EPF members who are in urgent need of funds. It will also help members who are facing financial difficulties due to the ongoing pandemic. The EPFO has also clarified that the new rule does not apply to members who have completed the minimum service period of five years.
The EPFO has also clarified that the new rule does not apply to members who have completed the minimum service period of five years. Such members will still have to wait for three months before they can withdraw their PF.
The new rule is expected to benefit millions of EPF members who are in urgent need of funds. It will also help members who are facing financial difficulties due to the ongoing pandemic. The EPFO has also clarified that the new rule does not apply to members who have completed the minimum service period of five years.
The EPFO has also clarified that the new rule does not apply to members who have completed the minimum service period of five years. Such members will still have to wait for three months before they can withdraw their PF.
The new rule is a welcome move by the EPFO and is expected to benefit millions of EPF members. It will also help members who are facing financial difficulties due to the ongoing pandemic.
