New Delhi, July 12 -- Employees who lose their jobs will no longer be able to withdraw their entire Employees' Provident Fund (EPF) balance after two months of unemployment. Under the newly notified Employees' Provident Funds Scheme, 2026, members can withdraw up to 75% of their EPF balance after becoming unemployed, while the remaining 25% will be available only after completing 12 months of continuous unemployment. The new scheme replaces the Employees' Provident Funds Scheme, 1952 under the Code on Social Security, 2020.

The change marks a significant shift in the way EPF savings can be accessed after job loss. Until now, members who remained unemployed for two months could apply for final settlement and withdraw their entire providen...