EPFO New Rule 2025: Every month your salary comes and a part of it goes directly into your PF account. We think that this money will be useful after retirement. But tell me the truth, how many times have you felt like withdrawing this amount right now? To buy a house, for your children’s education or to spend on wedding expenses.
However, a wall of rules comes in the way. Now the government is preparing to break this wall. It is reported that soon you will be able to withdraw your entire PF amount even before retirement (PF Withdrawal Rules). The government is preparing to make a big change in this.
What could change now?
According to reports, the central government is considering giving EPFO subscribers more flexibility. The plan is to allow people to withdraw their entire funds even before retirement. This means they won’t have to wait until they reach 58. It’s being said that if someone completes 10 years of service, they will be able to withdraw their entire PF balance if needed. However, an official announcement on this has not yet been made.
What do the current rules say?
- To withdraw the entire PF balance, you must either be 58 years old or have been unemployed for more than two months.
- After completing five years of service, you can withdraw a portion to build a house, buy a flat, or purchase land.
- For withdrawals for marriage or education, you must have completed at least seven years of service.
- Even in the case of marriage, only 50% of the employee’s contribution and interest can be withdrawn.
- 90% of the PF balance can be withdrawn for buying or building a house, provided the property is in your or your spouse’s name.
Who will benefit when the rule is implemented?
If the new rule is implemented, it will most benefit those who wish to retire early or are forced to leave their jobs. Such individuals will not have to wait until age 58 and will be able to withdraw their PF funds.
Major changes to the EPFO so far
- Instant withdrawals through UPI – Now you can withdraw up to ₹1 lakh instantly using UPI or ATM.
- Auto settlement increased – Previously, claims up to ₹1 lakh were automatically processed, now the limit has been increased to ₹5 lakh.
- Documentation reduced – The number of documents required for claims has been reduced from 27 to 18. Now, the work is completed within 3-4 days.
- Home purchase facility – After completing 3 years of service, you can use 90% of your PF towards down payment or EMI.
- EPFO 3.0 is coming – It will have features like UPI payment, mobile app, ATM card withdrawal, and online tracking.
The government’s goal is to ensure that employees have easy access to their PF funds when they need them. If the new rule is implemented, it will provide relief to millions of employed people. It remains to be seen when this decision becomes a reality.
