July 2, 2026 12:08 PM
Govt notifies new EPF Scheme with revised partial withdrawal norms
The newly notified Employees’ Provident Fund (EPF) Scheme, 2026, introduced new provisions on partial withdrawals effective June 29. Under the revised scheme, members of the Employees’ Provident Fund Organisation must retain a minimum balance of 25 per cent of their eligible member balance in their EPF account before making any partial withdrawal. Any amount calculation for a minimum withdrawal will be done only after setting this balance aside. The minimum balance requirement applies to b...