EPFO Board approves withdrawal of 75% of Funds after Cessation of Employment

Jun 28, 2018 | by Avantis RegTech Legal Research Team

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The Employees Provident Fund Organisation, vide Press Release dated June 27, 2018, has approved the proposal for provisioning Advance from the fund to a member who ceases to be in employment for a continuous period not less than one month. Under this proposal a member can avail 75% of the total fund (including employee as well as employer share) standing to the member’s credit with interest thereon.

[Release ID: 1536665]

 

URL: http://pib.nic.in/PressReleseDetail.aspx?PRID=1536665


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