Quick Summary
Employees Provident Fund Organisation (EPFO), an statutory body under Union Ministry of Labour Employment has processed about 1.37 lakh claims across the country disbursing an amount of Rs. 279.65 crore under a new provision especially formulated by amending the EPF Scheme to help subscribers fight
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FAQ :
EPFO has settled approximately 1.37 lakh claims under the special COVID-19 provision.
A total of £279.65 crore has been disbursed through these claims.
Claims that are fully KYC compliant are being processed and settled in less than 72 hours.
Members can withdraw up to 75% of their PF balance or three months' basic wages and dearness allowance, whichever is less.
No, this advance does not attract any income tax deductions.
Yes, EPFO has relaxed the date of birth correction criteria, accepting Aadhaar card details for rectifications up to a three-year variation.
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