The government is considering introducing the Employees' Provident Fund (EPF) claims settlement option via the United Payment Interface (UPI) to ease the fund withdrawal process. EPF withdrawal is ...

Concerned with a high number of withdrawals by young subscribers, the Employees’ Provident Fund Organisation is looking at strategies to address this problem and how it can be addressed.

Although EPF is primarily meant for retirement, members can withdraw a portion of their savings before retirement for specific financial needs such as medical emergencies, home loans, marriage ...

With the introduction of the Employees Provident Fund (EPF) Flexible Account, also known as Account 3, contributors under 55 years old have withdrawn a total of RM10.78bil as of Sept 2024.

In collaboration with commercial banks and the Reserve Bank of India (RBI), the labour ministry is revamping EPFO’s digital systems to simplify withdrawals and improve user experience.

According to official sources, the committee, in its meeting held earlier this week, was briefed about the framework through which subscribers will be able to withdraw their provident fund claims ...

EPF advance withdrawal processing time: The Employees Provident Fund Organization (EPFO), a statutory body instituted by the government of India, is the largest social security organisation and ...

Malaysians are divided over the Employees Provident Fund’s (EPF) proposal to impose periodic or monthly withdrawals on members upon reaching the voluntary retirement age of 55, with many calling ...

The Employees' Provident Fund Organisation (EPFO) is set to change the way its subscribers can withdraw their funds. Looking to make transactions smoother and quicker, the EPFO is said to launch a ...

Fast-forward to 2025, and he needed to withdraw funds to purchase a flat. To his surprise, there was no separate VPF accounting in his account. He could only see his EPF balance, and withdrawals ...

While this might seem like a smooth exit, it could have led to a dead-end: without an active EPF account, he wouldn’t have been able to withdraw his EPS funds. "You need an active EPF account to ...