Labour Ministry to allow percentage of EPF to be withdrawn

Labour Ministry to allow percentage of EPF to be withdrawn

Labour Ministry to allow percentage of EPF to be withdrawn

Written by Staff Writer

23 May, 2015 | 11:23 am

The Ministry of Labour has taken steps to allow members of the Employees Provident Fund (EPF) who have completed ten years to withdraw 30 percent from their EPF account.

Minister S.B Navinna stated that this would be implemented from May  27.

In order to be eligible for the scheme, a member need to have paid EPF for ten consecutive years and should have over Rs.300,000  in his or her EPF account.

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