Aurelia Menezes quoted in Moneycontrol on EPFO Withdrawal Norms

In a recent article titled “Government likely to relax EPFO withdrawal norms to provide more flexibility to subscribers” published by Moneycontrol, Aurelia Menezes, Partner KSK, commented on the government’s move to potentially ease EPFO withdrawal rules.

Aurelia noted that, “while the government’s intent has always been to preserve retirement security, the restrictive limits sometimes fail to recognise the immediate liquidity needs of subscribers.”

Her observation lays focus on the balance policymakers must strike between safeguarding long-term retirement funds and addressing the urgent financial requirements of individuals. The proposed relaxation is expected to give subscribers more control over their provident fund savings while ensuring the broader goal of retirement security is not compromised.

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