LatestCorporate Compliance 3 October 2026
India Updates Childcare Leave, PF Withdrawals, Savings Rates
India’s National Commission for Women has proposed gender‑neutral childcare leave and 5 lakh new crèche seats by 2030, while the EPFO now permits up to 75% of PF balances to be withdrawn for housing needs. Senior citizens see fixed‑deposit rates rise to 8.5%, and small‑savings schemes receive modest interest adjustments, marking a broad shift in social security and savings policies.
Gender‑neutral childcare leave – The National Commission for Women submitted 37 recommendations, urging shared caregiving, paid paternity leave and the creation of 5 lakh crèche seats by 2030. Details at India Today.
EPFO PF withdrawal boost – Employees can now withdraw up to 75 % of their PF balance for house purchase, construction or renovation. The rule clarifies eligibility and required documents. See TradeBrains.
Savings rates rise – Senior citizen fixed deposits offer up to 8.5 % on 5‑year terms. PPF interest stays at 7.1 % and other small‑savings schemes see modest hikes. Full rates list at Economic Times.
Need help understanding this update?
Connect with our domain experts instantly via WhatsApp for customized legal guidance.