PF BALANCE

Business and Finance

The Employees' Provident Fund Organisation (EPFO) has made a significant policy change, allowing members to withdraw up to 100% of their eligible balance from their Provident Fund (PF) accounts. This move aims to simplify digital services and provide members with greater access to their accumulated savings. The increased withdrawal limit is expected to offer financial flexibility to EPF members, particularly during times of need. This decision, stemming from recent EPFO meetings, signifies a considerable relaxation of previous withdrawal norms, empowering members to utilize a larger portion of their PF corpus.

Sources

https://timesofindia.indiatimes.com/business/india-business/epfo-allows-100-pf-withdrawal-digital-services-simplified-what-it-means-for-your-savings/articleshow/124530945.cms https://www.financialexpress.com/money/epfo-meeting-members-can-withdraw-up-to-100-of-eligible-balance-in-pf-account-4009282/

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