News Government may cap premature provident fund withdrawals at 75%

[Deepu]

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

Under the existing provisions, Employees Provident Fund Organisation (EPFO) subscribers can withdraw the entire amount by showing not employed anywhere for two months. The proposal regarding changes in 'The Employees' Provident Fund Scheme' has been sent to the Labour Ministry for approval.

Government may cap premature provident fund withdrawals at 75% - IBNLive

 

[DashMajor]

It will further decreased to 50%

 

[IndianMascot]

What the hell is that yaar. This government is becoming blood sucking day by day. Everyone trying their mind and fist in job guys only. Why can't they have a stringent law which can catch the tax theft by businessmen.

 

[Technoglitch]

this is the acche din

 

[scorpionking76]

But it's good rite we will have something in bank when we hit the age 60, and if we start withdrawing then we will be left with 0.

 

[Technoglitch]

Our kids would take care of us in old age

 

[scorpionking76]

But you don't want to get married rite

 

[Technoglitch]

Not so soon..

 

[IndianMascot]

Our kids would take care of us in old age

What if they don't and kicked us out

 

[Sanjeev]

What if they don't and kicked us out

Yes today's generation kids are like that only