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Employees Provident Fund Organisation puts on hold new PF withdrawal forms till Apr 30
Retirement fund body EPFO on Friday deferred till April 30 implementation of new norms that restrict 100 per cent withdrawal of provident fund by members after unemployment of more than two months, among others. The EPFO subscribers who are out of job for more than two months can file for full and final settlement of provident fund till month end.
New Delhi: Retirement fund body EPFO on Friday deferred till April 30 implementation of new norms that restrict 100 per cent withdrawal of provident fund by members after unemployment of more than two months, among others. The EPFO subscribers who are out of job for more than two months can file for full and final settlement of provident fund till month end.
In view of practical difficulties faced in implementation of the notifications, the new provisions will come into effect from May 1, 2016, a circular by the Employees Provident Fund Organisation (EPFO) said. "Accordingly, all the claims received up to April 30, 2016 are to settled as per the provisions existing prior to the issue of the notification dated February 10, 2016," it added.
