EPF withdrawal Archives - CENTRAL GOVERNMENT EMPLOYEES NEWS https://centralgovernmentnews.com/tag/epf-withdrawal/ All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more. Mon, 02 May 2016 13:56:26 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://centralgovernmentnews.com/wp-content/uploads/2019/02/cropped-central-government-employees-news-32x32.png EPF withdrawal Archives - CENTRAL GOVERNMENT EMPLOYEES NEWS https://centralgovernmentnews.com/tag/epf-withdrawal/ 32 32 Restriction on EPF withdrawal https://centralgovernmentnews.com/restriction-on-epf-withdrawal/ https://centralgovernmentnews.com/restriction-on-epf-withdrawal/#respond Mon, 02 May 2016 13:56:26 +0000 http://centralgovernmentnews.com/?p=13480 Restriction on EPF withdrawalAs per extant rules governing the withdrawal of Employer’s contribution from the Employees Provident Fund Scheme, a member can withdraw both the employer’s share of contribution and his own share under the following circumstances: – (i) On retirement from service after attaining the age of 55 years. (ii) On retirement on account […]

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]]> Restriction on EPF withdrawalAs per extant rules governing the withdrawal of Employer’s contribution from the Employees Provident Fund Scheme, a member can withdraw both the employer’s share of contribution and his own share under the following circumstances: –

(i) On retirement from service after attaining the age of 55 years.

(ii) On retirement on account of permanent and total incapacity for work due to bodily or mental infirmity.

(iii) On migration from India for permanent settlement abroad.

(iv) On termination of service in the case of mass or individual retrenchment.

(v) On termination of service under a voluntary scheme of retirement.

(vi) On ceasing to be an employee in any establishment.

However, notification No. G.S.R.158(E) dated 10.02.2016 restricting the withdrawal of 3.67 per cent of employer’s share of contribution till the age of 58 years has since been withdrawn by the Government on 19.04.2016.

This information given by Shri Bandaru Dattatreya, the Minister of State (IC) for Labour and Employment, in reply to a question in Lok Sabha today.

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