Simplified Structure, Oct. 28 -- The Central Board of Trustees (CBT), Employees' Provident Fund (EPF), under the Chairmanship of Dr. Mansukh Mandaviya, Union Minister for Labour & Employment and Youth Affairs & Sports, has approved several landmark decisions to simplify and liberalise the EPF partial withdrawal provisions.

13 existing withdrawal provisions merged into 3 categories - Essential Needs (illness, education, marriage), Housing Needs and Special Circumstances.

Enhanced Withdrawal Limits: Members can now withdraw up to 100% of their EPF balance subject to 25% of the Contributions in the Member's account as Minimum Balance to be maintained by the member at all times. Education withdrawal limit increased up to 10 times, and marri...