INSUBCONTINENT EXCLUSIVE:
If you are unemployed since 2 months, you can withdraw entire PF money.NEW DELHI: An employee, who is not in employment for a month, may be
allowed to avail 75 per cent of the total fund standing to his credit, Labour Minister Santosh Gangwar said today.Gangwar said in Lok Sabha
that the Central Board of Trustees (CBT) of the Employees' Provident Fund (EPF), in its 222nd meeting on June 26, had considered a proposal
for insertion of paragraph 68HH in EPF Scheme 1952.This will enable a member of EPF, who is no longer in employment for a continous period
of one month, to avail 75 per cent of the total fund standing to his or her credit, he said during Question Hour.The minister said the
Employees' Provident Funds Scheme, 1952, enables a member to withdraw the full amount standing to his credit in the fund on ceasing to be an
employee in an establishment for a continuous period of two months immediately proceeding the date on which he makes an application for
withdrawal.The requirement of the two-month waiting period will not, however, apply in cases of female members resigning from the services
TheIndianSubcontinent staff and is published from a syndicated feed.)
