I was working for a compnay since the past one year and have an EPF account. I shall be resigning shortly and would need that amount, what ever was deposited in the account.
My employer says that the complete amount whatever was deposited would be transfered to my savings account without any deductions.
I heard from a different source that, if incase somebody wants to withdraw the money before a period of 4 years (which is considered to be the maturity period) since the A/C was opened, only 50% would be paid back
Does somebody has any info on this. I tried to look into the official website which is quite confusing with so many annexures. (like any other govt. rule book)
My employer says that the complete amount whatever was deposited would be transfered to my savings account without any deductions.
I heard from a different source that, if incase somebody wants to withdraw the money before a period of 4 years (which is considered to be the maturity period) since the A/C was opened, only 50% would be paid back
Does somebody has any info on this. I tried to look into the official website which is quite confusing with so many annexures. (like any other govt. rule book)