The 100 per cent withdrawal provision and the 25 per cent minimum balance provision have led to some confusion.
EPFO has simplified PF withdrawals -- fewer rules, faster access, and more flexibility -- while introducing safeguards that make it harder to drain your retirement savings too early.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
Post your financial planning queries for rediffGURU and financial planning expert, Colonel Sanjeev Govila.
The Employees' Provident Fund Organisation (EPFO) will soon allow subscribers to withdraw their EPF and transfer it directly to their bank accounts through the UPI payment gateway. Testing of the facility has been completed, according to Labour Minister Mansukh Mandaviya.
When and how you can access EPF money before retirement without jeopardising your long-term retirement savings.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
While EPF rewards patience and compounds your money, inflation decides how far your money really goes.
EPFO has an ambitious plan to settle the claims within few hours after filing of application
If you have ever said 'I'll sort retirement later,' now is when 'later' begins.
Congress said Modi once again "quickly and meekly" caved in to the pressure exerted by Rahul Gandhi.
If your account is idle for over five years, there could be issues with acquiring EPF details.
Your EPF isn't just a retirement pot. It's a financial safety net you can dip into for life's biggest needs. Here's how these one-time advances work and when to use them wisely.
EPF doesn't just build your retirement fund -- it also provides free life insurance up to Rs 7 lakh under the EDLI scheme.
Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.
Here's unlocking the real story behind your EPF's 8.25% interest and what it truly means for your retirement kitty.
Rising stressed debt and past exposures like Reliance Capital, Yes Bank push EPFO to frame exit rules for its portfolio.
The Employees' Provident Fund Organisation (EPFO) board has approved liberalised part withdrawals for subscribers, allowing up to 100 per cent EPF withdrawal, and rolled out the 'Vishwas Scheme' to reduce litigation through rationalised penal damages.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
A 10-part series that explains all you want to know about how India's EPF turns a slice of your monthly salary into long-term savings, pension, and life insurance.
Generally, most Indians are under-prepared for their post-retirement life. Many middle class private sector employees end up consuming their PF accumulations for variety of other reasons like marriage of their children, medical treatment or purchase of house, etc., says Anil Chopra- Group CEO & Director- Bajaj Capital
FM's proposal came under immediate attack from various employees unions
The most common mistake is investing without assessing suitability and long-term implications.
Ask rediffGURU Reetika Sharma your insurance, mutual fund and personal finance-related questions.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
EPF nominations decide inheritance -- here's what happens if you don't file.
By June 2025, financial freedom will be just an ATM away. Pleasantly surprised? But there's more, says Ramalingam Kalirajan
Let's decode how EPS works, who qualifies, and how pensions are calculated, using simple examples for different salary levels.
'They (government) are trying to create market for pension products'.
It's unfortunate the govt seems close to bowing to pressure from a limited section of the public.
Ask rediffGURU Reetika Sharma your insurance mutual fund and personal finance-related questions.
Ask rediffGURU Naveenn Kummar your insurance mutual fund and personal finance-related questions.
Subscribers of the retirement fund body EPFO may soon be able to withdraw claim amounts from their accounts through ATMs, a top official said. Union Labour Secretary Sumita Dawra has reportedly said that the labour ministry is upgrading information technology infrastructure to provide enhanced services to the Indian workforce.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
Facing flak over its decision to impose tax at the time of withdrawal on 60 per cent of the contributions to Employees' Provident Fund, the government on Tuesday clarified that only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed.
This decision would pave the way for crediting Rs 54,000 crore as 8.65 per cent interest for 2018-19, into the accounts of more than 6 crore EPFO subscribers.
The EPFO has about 3.7 crore (37 million) members.
Under the new provision, an EPF subscriber being a member of a co-operative or housing society with at least 10 members can withdraw up to 90 per cent from the fund for purchase of a dwelling house or flat or construction of a dwelling house and acquisition of site.
EPF allows partial withdrawal to meet situations like house construction, medical emergency, and so on.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
