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The Economic Times

Economy / The Economic Times

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New EPFO rules mandate 3-day PF settlements, simplify withdrawals

Government revamps EPFO rules, mandating PF claim settlements within three days and imposing a 12% penal interest on officials for delays. Employees can now withdraw 75% of their PF balance immediately upon job loss. Withdrawal categories are simplified to three: illness, education, and marriage, with reduced service requirements.

3 Jul 2026 12:54 am