Want to withdraw your full EPF: 14 more days left
Posted on: 16/Apr/2016 1:03:25 PM
If you are unemployed for 2 months or more and want to withdraw your full EPF, you only have 14 days left. After this new EPFO rules comes into effect. If the deadline is missed, the withdrawal amount will be restricted and the full amount would only be accessible to you on turning 58.
Earlier, a member of EPFO could withdraw 100 percent of the accumulated corpus, the sum total of employer`s contribution, employee`s contribution and their interest, if (s)he had been unemployed for a period of 2 months or more. However, the new EPF rules put a restriction on the amount that can be withdrawn. The new rule says that a member, after being unemployed for 2 months or more, will only be able to withdraw his own contribution and the interest earned on it. This means that the sum of employer`s contribution and its interest will be able to be withdrawn only after the age of 58 years.
