EPF withdrawal from an organization EPF trust
Now as per the new rules, full accumulation of the EPF corpus can be withdrawn only till 30th April 2016 and new rules apply from 1st May 2016, which states that only the employee portion with interest can be withdrawn and the balance at the age of 58.
My EPF accumulation is with this organization trust and not with the EPF office. On contacting the company's EPF authorities, I was informed that they cannot allow full withdrawal as the extension in date for full withdrawal is only for those who have their EPF balance in EPF office and I have to withdraw my portion immediately as they cannot retain my accumulation with them for a long time.
I need to know the actual rule applying to the various trusts operated by organizations in India.
Is the rule different for EPF office and private trusts? Is it prudent to have different rules for EPF
Can anyone guide me with the actual rule applying to all the EPF trusts in India?
Awaiting response. more