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The proposal to limit the amount that can be withdrawn from the PF may likely meet severe opposition.