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New EPF Withdrawal Rules 2020

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  EPF NEW RULE New Rule Of EPF (Employee Provident Fund) withdrawal 2020 According to the government latest update on EPFO law and rule,in the period of LOCKDOWN EPF employee withdraw the amount of 75% of the total EPF corpus can be withdrawn after around a month of unemployment has passed. The Labour ministry have some updates on EPFO rule 1952 on March 28th,2020.The employee take remaining percentage of 25% is completely transferable and can be done so to a new account. According to these law and rule there will be benefit to near about 6 Crore members. The Labour Ministry has given permission for withdraw three months basic pay and DA as equal to PF deposit money. This government have take decision against COVID 19 LOCKDOWN. The EPF account consists of contributions from the employer and employee. However, Now the money withdraw in an EPF account will very easy. There are 10 easy steps for EPF withdrawal: Step1: First of all log on Unified Portal - EPFO ...