Restrictions on Provident Fund withdrawal and other notifications

Employees Provident Fund (EPF), Investment and Savings, Provident Fund (PF)

With effect from 10 February 2016, amendment has been made to the Provident Fund Scheme placing following restrictions on the Provident Fund withdrawal: 1. An employee may claim withdrawal of the full balance on retirement after attaining the age of 58 years. 2. An employee may claim early withdrawal of the partial balance (consisting of…