EPFO reforms: CBT announces 100% EPF withdrawal, sets new minimum balance rules, launches ‘Vishwas Scheme’ to reduce litigation

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EPFO has introduced significant changes to EPF withdrawal rules. Members can now withdraw up to 100% of their eligible balance. Limits for education and marriage withdrawals have increased. Minimum service for partial withdrawal is now 12 months. A new minimum balance requirement ensures retirement savings. These reforms aim for greater flexibility and ease of living for members.