Bringing cheer to crores, the Employees' Provident Fund Organisation (EPFO) has decided to allow PF subscribers to withdraw 75% balance after remaining unemployed for a month, and keep the account running.
They can also withdraw the remaining 25% after completion of two months of unemployment.
This will give them an incentive not to shut down the account immediately, said Junior Labor Minister Santosh Gangwar.
EPFO extends additional facility to unemployed members to avail non refundable advance upto 75 % of outstanding balance in case of unemployed for more than a month. Existing provision of complete withdrawal after two months of unemployment remains unchanged.
To withdraw balance offline, you can download the Composite Claim Form (Aadhaar/Non-Aadhaar) from the official EPFO website and submit it to the jurisdictional EPFO office. To withdraw balance online, visit the unified portal, log in with your Universal Account Number (UAN) and complete the process.