EPFO 3.0 to allow employees to increase contribution, ATM Card, Revamped Pension Scheme

[Avinash.Mishra]

I read somewhere that we cannot withdraw more than 50% of our EPFO corpus at any given point of time … Hard to believe they will allow 50% withdrawals 🧐

I’m not convinced on anything that comes from nirmala sitaraman

 

[tachniki]

If they issue ATM card, it may make ease of withdrawal. I don't think it is going to allow withdrawal without any constraints. And I think it should be that way. Retirement fund should be saved for retirement. It is so good to see size of my EPF. And I am glad I never removed it. Risk is that it is little more than 1/4 rd of my total saving and if government screws the fund someway, I will need to postpone my planned retirement.

 

[Avinash.Mishra]

If they issue ATM card, it may make ease of withdrawal. I don't think it is going to allow withdrawal without any constraints. And I think it should be that way. Retirement fund should be saved for retirement. It is so good to see size of my EPF. And I am glad I never removed it. Risk is that it is little more than 1/4 rd of my total saving and if government screws the fund someway, I will need to postpone my planned retirement.

Even with limitations it would be way better than as is process. Right now withdrawals will test the limits of your patience