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PF withdrawals News

05 Jul 2017

EPFO ties up with 5 banks to collect PF dues

Retirement fund body EPFO on Wednesday inked pacts with five banks for collections of PF dues and to make payments of PF withdrawals, pension and insurance.

26 Apr 2016

EPFO to make Aadhaar as primary identifier to settle PF claim?

In a move that could probably make PF withdrawals much easier, retirement body Employees Provident Fund Organisation (EPFO) has planned to make Aadhaar as primary identifier for settling Aadhaar-seed PF accounts.

06 Jul 2015

Govt may cap premature PF withdrawals at 75%

The government is looking to cap premature provident fund withdrawals at 75 percent for EPFO subscribers at any given time till the age of 58.

05 Jun 2015

EPFO settles 10.53 lakh PF claims in May

Retirement fund body EPFO settled 10.53 lakh claims like PF withdrawals in May, of which 86 percent were disposed of within 10 days of receipt of application.

22 May 2015

Unions question TDS on PF withdrawals, want order on hold

Opposing the government's decision to deduct tax at source on pre-mature PF withdrawals, trade unions on Friday said they will ask the Labour Ministry to put the EPFO order in this regard on hold.

21 May 2015

EPFO to deduct TDS on PF withdrawals in some cases from June

Retirement fund body EPFO will deduct tax at source from next month on PF withdrawals where accumulations are over Rs 30,000 and the employee has worked less than five years.

22 Jan 2015

EPFO mulls changes in scheme to curb pre-mature PF withdrawals

Retirement fund body EPFO plans to hold about 10 percent of subscriber money till they turn 50 for discouraging premature withdrawal of entire amount in PF account by members before their superannuation.

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