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As Part of PMGKY Package EPFO Settles 3.31 Lakh COVID-19 Claims in 15 Days In the view of the outbreak of COVID-19, the government of India to provide financial assistance to people allowed PF Withdrawal by passing a special resolution in the EPFO Scheme. The government claims that 3.31 lakhs P
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FAQ :
EPFO settled 3.31 lakh PF withdrawal claims in less than 15 days.
Approximately Rs 950 crore has been disbursed by EPFO for these claims.
The provision allows workers to withdraw funds to help them financially during the COVID-19 pandemic, as part of the Pradhan Mantri Garib Kalyan Yojana (PMGKY) package.
Members can withdraw up to 75% of their PF balance or basic wages and dearness allowance for three months, whichever is less. They can also opt to withdraw a smaller amount.
No, this withdrawal is considered an advance and does not attract any income tax deductions.
Yes, EPFO offices are functional to ensure the continuity of essential services, and services like PF withdrawal can be availed online.
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