EPFO Alert! THESE PF withdrawal options can help in crisis

Earlier, it was 12 percent for private organisations. The employer and employee deposit their contribution with the Employee Provident Fund Organisation (EPFO) every month. This can be further withdrawn in certain events like retirement, or resignation. 

The Employee Provident Fund (EPF) or Provident Fund (PF) is an important government-backed scheme where both the employer and employee contribute 10 percent of the employee’s basic salary every month. Earlier, it was 12 percent for private organisations. The employer and employee deposit their contribution with the Employee Provident Fund Organisation (EPFO) every month. This can be further withdrawn in certain events like retirement, or resignation. However, due to the COVID-19 pandemic, the EPFO has now allowed the members to withdraw a part of the amount in case of these crises.  Check the latest PF withdrawal updates by EPFO.