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What is the maximum percentage of their provident fund balance that salaried employees can withdraw in case of an emergency under the new EPFO initiative?
  • a)
    25%
  • b)
    50%
  • c)
    75%
  • d)
    100%
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
What is the maximum percentage of their provident fund balance that sa...
Salaried employees can withdraw up to 50% of their provident fund balance during emergencies. This provision is designed to provide financial relief when individuals face urgent monetary needs, thus enhancing the accessibility of their savings. It's an important feature that reflects the EPFO's aim to make fund withdrawals more user-friendly and immediate.
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