In a major reform aimed at improving the ease of living for over 70 million account holders, the Employees’ Provident Fund Organisation (EPFO) has approved liberalised partial withdrawal rules, allowing up to 100 per cent withdrawal of the eligible provident fund balance, reported the PTI.

During the meeting of the Central Board of Trustees (CBT) chaired by Union Minister Mansukh Mandaviya, it was decided to simplify the current 13 complex withdrawal rules into just three clear categories - Essential Needs (like illness, education, marriage), Housing Needs, and Special Circumstances.