Full PF Withdrawal on Conditions
There can be "n' no of reasons why people of India can need their own money to protect their own position to utilize their savings.
As of 1st Aug 2016 :
1. Will people not need their own money to make their own startup ?
2. Will people not loose jobs ?
3. Can't people decide to work as consultant
4. Can't people decide to quit their jobs due to any reason and then rely upon their savings for rest of the future ?
The most fundamental question though is " Why is Govt wanting to put their hand on Public savings ?? "
Anything that has to be done, does not calls for retrospective action. Only new account holders can be subject to new rules. more