New EPFO rules, Oct. 14 -- Over seven crore subscribers of the Employee Provident Fund Organisation (EPFO) will now be able to withdraw up to 100 per cent of eligible funds, including employee and employer share, according to a Labour Ministry release.

The EPFO's Central Board of Trustees (CBT) on October 13 approved simplifications and liberalised part withdrawals for users, in a meeting headed by Union Labour Minister Mansukh Mandaviya.

"The liberalisation of partial withdrawals ensures members can meet immediate financial needs without compromising their retirement savings or pension entitlements," it stated.

This is the amount in your EPF account that remains after keeping aside the require minimum balance. Thus, in effect, you can...