13 rules for withdrawing PF money abolished! Now withdraw 100% money, that too without giving any reason

If you are also a working person and consider your Provident Fund (PF) money as your biggest deposit, then this news is no less than a lottery for you! Now you will not have to visit offices or get entangled in lengthy rules to withdraw your hard-earned money.

Employees Provident Fund Organization (EPFO) has taken a very big and wonderful decision, which is going to make the lives of more than seven crore employees of the country easier. Now you can withdraw your PF whenever needed. up to 100% money Will be able to remove it easily.

So what has changed and how will it benefit you?

In the biggest meeting of EPFO, many big decisions have been taken in favor of the employees. Let us understand in simple language:

1. 13 confusing rules gone, now just 3 simple categories:
Earlier there were 13 different and confusing rules for withdrawing money, which have now been abolished. There will now be just three simple categories:

• Essential Requirements: Like treatment of illness, children’s education or marriage.
• Home needs: Like buying or building a house.
• Special circumstances: Any sudden need.

2. Now there is no need to even give a reason!
The biggest relief is that now you will not need to give any reason or proof to withdraw money in ‘special circumstances’. Your claim will no longer be rejected for this reason.

3. You will be able to withdraw money only after one year of employment:
Earlier, for partial withdrawal, it was necessary to work for a long time, but now it has been reduced to only 12 months Has been done.

4. Withdraw up to 100%, keep just a little savings:
You can withdraw up to 100% of the total eligible amount deposited in your account. The only caveat is that you must always maintain at least 25% of your corpus in the account so that your retirement savings are not completely exhausted.

Great news for pensioners too!

• ‘Digital Life Certificate’ will be made at home: Now pensioners do not need to go anywhere to provide proof of being alive. The postman of India Post Payments Bank will come to your home and make this certificate for just Rs 50, and this Rs 50 will also be paid to EPFO!
• Relief received from ‘Vishvas Yojana’: The heavy fine imposed on companies which due to some reason could not deposit the PF amount on time has now been reduced significantly.

EPFO is now going completely digital, which means that in the coming time, withdrawing money will become even faster, automatic and easier. Overall, now your PF money is truly “your” money, over which you will have full rights.