Govt extends decision restricting full withdrawal of PF money by three months

Zee Media Bureau

New Delhi: The government on Tuesday further extended its decision restricting full withdrawal of provident fund (PF) money by three months.

"The notification (tightening PF withdrawal norms) will be kept in abeyance for three months till July 31, 2016. We will discuss this issue with the stakeholders," Labour Minister Bandaru Dattatreya told reporters.

His announcement comes in the midst of protest by labour unions in several parts of the country against the bar on withdrawing employer's contribution from the PF money.

People have also launched online campaign against the decision, which was to be implemented from February 10 but was later put on hold till April 30.

 

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