The biggest relief given by the Central Government to the PF holders who quit the job
On Tuesday, the EPFO has decided that, after one month of leaving the job, only 75% will be given the option of picking up and maintaining PF accounts. The remaining amount can be withdrawn even after completion of two months and settlement of the account can be settled.
We have decided to do research in the plan,” said Santosh Kumar, chairman and labor minister of the Central Board of EPFO. It will be able to withdraw 75% of the money after one month of leaving the job, and the account will also be maintained in the EPFO. In the current system, any employee can withdraw his fund after two months of leaving the job. Under this new scheme a person can continue their PF account and use it for another job. Earlier it was proposed that 60 per cent of the amount can be withdrawn, but CBT has reduced this limit to 75 per cent.
We have increased the time limit of ETF (Exchange Traded Fund) manufacturing 4S SBI and UTI Mutual Fund till July 1, 2019, “he said. He said that soon investment in ETF would cross 1 lakh crore.
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On Tuesday, the EPFO has decided that, after one month of leaving the job, only 75% will be given the option of picking up and maintaining PF accounts. The remaining amount can be withdrawn even after completion of two months and settlement of the account can be settled.
We have decided to do research in the plan,” said Santosh Kumar, chairman and labor minister of the Central Board of EPFO. It will be able to withdraw 75% of the money after one month of leaving the job, and the account will also be maintained in the EPFO. In the current system, any employee can withdraw his fund after two months of leaving the job. Under this new scheme a person can continue their PF account and use it for another job. Earlier it was proposed that 60 per cent of the amount can be withdrawn, but CBT has reduced this limit to 75 per cent.
We have increased the time limit of ETF (Exchange Traded Fund) manufacturing 4S SBI and UTI Mutual Fund till July 1, 2019, “he said. He said that soon investment in ETF would cross 1 lakh crore.
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