Power of the mix! That is the beauty of the deposit on savings such as the funds that give staff of staffing for contribution to the contribution of 8.25%.
Related to a large amount of withdrawals by young subscribers, organizations provided by staff are looking for this issue to solve this problem and how it can be solved.
« In many events, it is found that the subscribers will withdraw their PF money, but they get the return because of Corpus grows.
The source that EPFO is trying to explore a strategy to encourage the retirement of pension, especially among the young subscribers.
Under the rules of the current EPF, members can withdraw all PF Corpus after retirement. However, the rules allowed members to withdraw up to 75% of PF CORPUS after unemployment in one month and 100% of unemployment.
While the purpose of the rules are guaranteed to the workers who face loss of jobs or unemployment can return from their work after two months.
Officials say this can be for many reasons such as investing in other tools such as a higher return or use Corpus for some purchases. « Many times, young people feel no need to start saving pensiors when they receive the refund.
According to the official information, the report received a total of 7.1 million certified reports for the final PF settlement between 1 April, 7 months. Of this, it agreed 50 million people require a number of 55,1333 million rupees. The EPFO membership number increased to 325 million people from 117 million times during the past 10 years from FY15, 2025.
Leave a Reply