Existing rule : The retirement age is considered as 55 years.
New Rule : The age of retirement has now been increased from 55 to 58 years.
EPF Withdrawal provisions
Existing rule : You (employee) can withdraw the full PF amount on retirement from service (55 years) or on cessation of employment and not being employed for at least 60 days.
New rule : As discussed above, the retirement age has now been increased from 55 to 58 years and the option of full EPF withdrawal on resignation will not be allowed. You can withdraw your contributions + interest portion only.