EPF Withdrawal: Debunking 7 Misconceptions About Your Provident Fund

• Social media has spread misconceptions about EPF withdrawals, but EPFO clarifies new rules are simple and beneficial.
• After job loss, 75% of PF (employee and employer contributions) can be withdrawn immediately; remaining 25% after 12 months.
• The 25% balance is not locked forever; it ensures a substantial retirement fund by preventing frequent withdrawals.
• Pension benefits continue for the family even if contributions stop for three years, provided the fund isn't withdrawn.
• New rules aim to secure long-term benefits and pension continuity, making withdrawals easier and more flexible.

Why It Matters: New EPF rules simplify withdrawals, secure long-term benefits, and debunk common misconceptions about fund access.