Good News: Government Relaxes Norms For PF Withdrawal

| } April 19 , 2016 , 11:24 IST
EPFOAIn a major relaxation to the planned restrictions, the Union Labour Ministry on Monday eased norms for withdrawal of contribution to the employees' provident fund. According to reports withdrawals will now be allowed for housing, major medical treatment for self and family members, medical, dental and engineering education of children, and for their marriage. The relaxation has also been extended to members who have joined an establishment belonging to central or state government, and become a member of contributory provident fund or old age pension. The ammendments were made after the labour minister Bandaru Dattatreya received representations from the trade unions. The norms will come into effect from August 2016.