EPFO final settlement period extended: PF withdrawal now after 12 months, pension after 36 months; what it means for members
EPFO final settlement period extended: PF withdrawal now after 12 months, pension after 36 months; what it means for members
The EPFO has extended the withdrawal period for provident fund and pension accounts for the unemployed. Members can now claim their provident fund after 12 months and pension after 36 months of joblessness. This move aims to boost social security and encourage long-term retirement savings by retaining a minimum balance.
The EPFO has extended the withdrawal period for provident fund and pension accounts for the unemployed. Members can now claim their provident fund after 12 months and pension after 36 months of joblessness. This move aims to boost social security and encourage long-term retirement savings by retaining a minimum balance.