The Reserve Bank of India (RBI) on June 25, 2026, notified the Reserve Bank of India Employees’ Provident Fund (Amendment) Regulations, 2026 to amend the Reserve Bank of India Employees’ Provident Fund Regulations, 1935.
The following has been stated:-
•The amendment to the Reserve Bank of India Employees’ Provident Fund Regulations, 1935 introduces comprehensive definitions for key terms such as Act, Bank, Fund, contribution, subscription, and associate institutions to improve regulatory clarity.
•It revises provident fund advance and withdrawal provisions by modifying advance limits, extending repayment flexibility, and allowing withdrawal for housing and other specified purposes after prescribed service periods.
•The amendments also expand eligible withdrawal expenses to include applicable taxes, permit a second housing-related withdrawal subject to specified conditions, and remove certain withdrawal limits based on pay.
•Additionally, they introduce successive nominations (up to three nominees) for provident fund benefits and update the authority responsible for fund operations by replacing references to the Chief General Manager, DEBC, with the Officer-in-Charge of the Fund's operations.
•Overall, the changes modernize the regulations, provide greater flexibility to subscribers, and streamline fund administration and nomination procedures.
They shall come into force on July 01, 2026.
The detailed notification is given in the document below.
[Notification No.: F. No. CSBD/Funds/S131/05.03.001/2026-27]
