Provident Fund was made with a view to help citizens for there living in old age but ,now a days, people are misutilising it . So keeping this in view the Employee Provident Fund Organisation (EPFO) is planning to limit PF withdrawls . The insights are given below :

Present Norms  :

• subscriber can withdraw 100% of their PF after 2 months of unemployment or for higher education , construction of a house and marriage among other purposes .
• no limit is there for number of withdrawls 

Proposed Norms :

• limit withdrawl to 75 % and later to 50% in future 
• limit will be there on number of withdrawls

Reasons :

• to check misutilisation funds as number of employees treat it as a savings bank account 
• ensusre its availability as a post - retirement security in old age .