Employees’ Provident Fund Organisation (EPFO) now allows 75 % of the Employees’ Provident Fund (EPF) amount to be withdrawn immediately after job loss.
The remaining 25 % of the EPF amount can be withdrawn after one year from the date of unemployment.
The new rules ensure that the employee’s 10-year service record is not broken and pension eligibility is maintained.
The withdrawal window has been extended from two months to one year after job loss.
Life certificate verification for elderly and remote members will now be done at home through postal services.