• SENSEX
    NIFTY 50
Economy

EPFO likely to introduce limits on PF withdrawal, says report

Updated : June 27, 2018 12:15 PM IST

Individuals will be allowed to withdraw 80 percent of PF savings or an amount equivalent to two months' salary, i.e. whichever is lower if they remain unemployed for two months.
The new development comes after concerns emerged about high level of PF withdrawals by members.
The proposal to limit the amount that can be withdrawn from the PF may likely meet severe opposition.
EPFO likely to introduce limits on PF withdrawal, says report
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV