EPFO Simplifies PF Withdrawal: New Rules Allow 100% Access for Key Needs

• EPFO has streamlined PF withdrawal rules, consolidating 13 categories into 5 for clarity and ease.
• A uniform minimum service period of 12 months is now required for most partial withdrawals.
• Eligible withdrawals now include both employee and employer contributions, plus interest, allowing access to up to 75% of the PF balance.
• 100% PF withdrawal is permitted after one year of service for medical treatment, education, marriage, and housing needs.
• Safeguards are in place to protect long-term savings, with approximately 25% of the PF balance ring-fenced to discourage excessive withdrawals.

Why It Matters: EPFO's new rules simplify PF withdrawals, offering greater flexibility for essential needs while safeguarding retirement savings.