New Delhi, Sept. 24 -- While investment in an EPFO (Employees Provident Fund Organisation) account delivers a high rate of return (8.25 per cent per annum), one thing that sometimes puts off investors is the restrictions imposed on corpus withdrawal. For instance, it is not permitted to withdraw the EPFO corpus unless the subscriber reaches 58 years of age or stays jobless for two months or more.

However, the good news is that EPFO officials are reportedly working on a proposal to relax the withdrawal rules so that the investors can use their savings for a limited number of purposes, such as education, housing and weddings. Although there is no fixed timeline, one report by Moneycontrol suggests that the new rule may be introduced within...