EPFO Marathi News: Now, after the employee leaves the job The very next day Can withdraw 75% of their PF account amount. They will no longer have to wait for two months to withdraw money, as was the case earlier. Also, if you remain unemployed for 12 months, you can withdraw 100% of your PF account. The Employees’ Provident Fund Organization (EPFO) took the decision at its Central Board of Trustees (CBT) meeting on October 13. However, there was confusion regarding the timing of withdrawal from PF accounts after leaving the job as per the new rules.
In many reports It has been claimed that now PF funds can be withdrawn only after 12 consecutive months of unemployment. Labor Minister Mansukh Mandaviya explained the confusion. He said the misconception surrounding the 12-month unemployment requirement is incorrect. As per the new rules, if a customer is unemployed even for a day, he can immediately withdraw 75% of his PF balance.
EPFO has scrapped the earlier 13 onerous rules and now allows partial withdrawals in only three categories: essential needs (illness, education, marriage), household needs (household expenses) and special circumstances. Members will now be able to withdraw their entire PF account balance (including both employee and employer portions).
Earlier only three withdrawals were allowed for education and marriage, but now 10 withdrawals are allowed for education and five for marriage. Moreover, the minimum service period has also been reduced to 12 months, which earlier used to vary for different needs.
Previously, withdrawals in special circumstances (such as natural disasters, unemployment or epidemics) required a rational explanation, which often led to claims being denied. Now, this problem is solved. Members can make withdrawals without giving reasons under special circumstances.
EPFO has also ensured that members always maintain a balance of at least 25% in their account. This will continue to give members the benefit of an interest rate of 8.25% plus compound interest, allowing them to build a larger retirement fund.
As per the new rules, there will be no need to submit any documents. The withdrawal process is going to be fully automated, which will speed up the settlement of claims. The pre-term final settlement period has been increased from two months to 12 months and the pension withdrawal period has been increased from two months to 36 months. This will allow members to draw funds for their needs without using their retirement funds.
EPFO has launched “Vishwa Yojana” to reduce pending cases and penalties. As of May 2025, a total of ₹2,406 crore in fines and over 6,000 cases are pending. Under this scheme, the penalty rate for delayed PF deposits has been reduced to 1% per month.
A penalty of 0.25% will be charged for delay up to 2 months and 0.50% for delay up to 4 months. The scheme will be for 6 months and can be extended for another 6 months if required.
EPFO has entered into an agreement with India Post Payments Bank (IPPB) to enable submission of Digital Life Certificate (DLC) to EPS 95 pensioners at the comfort of their homes. This facility will be free and the cost (₹50 per certificate) will be borne by EPFO. This will provide significant relief to pensioners in rural and remote areas.
EPFO has adopted “EPFO 3.0” digital transformation framework to further modernize its services. This will include features like cloud-based technology, mobile app and automated claim settlement. This will provide fast, transparent and convenient services to their more than 30 crore subscribers.
The board has selected four fund managers to manage the loan portfolio of EPFO for a period of five years. This decision will ensure good returns on members’ PF funds and make investments safe and diversified.
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