In a major development, the labour ministry under the PM Narendra Modi-led government has allowed over 6 crore subscribers of retirement fund body EPFO to withdraw an amount from their EPF account in view of the lockdown to fight COVID-19.
But there is one condition - Amount should not exceed your  three months basic pay and dearness allowance.

The ministry has issued a notification in this regard on March 28, 2020 to amend the Employees' Provident Fund Scheme 1952, a labour ministry statement said. The decision is taken in view of lockdown across the country to fight COVID-19.

What EPFO notification says? 

The notification permitted non-refundable withdrawal not exceeding the basic wages and dearness allowance for three months or up to 75 per cent of the amount standing to the credit of their EPF account, which ever is less, the ministry said.

The COVID-19 has been declared pandemic and therefore employees working in establishments and factories across entire India, who are members of the EPF Scheme, 1952 are eligible for the benefits of non-refundable advance.

A sub-para (3) under para 68L has been inserted in the EPF scheme, 1952.

The amended Employees Provident Fund (Amendment) scheme, 2020 has come into force from March 28.

Following the notification, the Employees' Provident Fund Organisation (EPFO) has issued directions to its field offices for promptly processing any applications received from members to help them fight the situation.

In its communication, the EPFO has stated that officers and staff must process claims of EPF subscribers promptly so that relief reaches the worker and his family to help them fight with COVID-19.

7 Comments

  1. Mai HDFC bank me employee tha but mujhe abhi tak pay probident fund nahi mila

    ReplyDelete
  2. Do some online changes of date of exit and joining and also for date of birth.. And moreover pf offices responses are very very worst can't explain nobody Pickup the phone and raised complaint also through epf portal complaint has been closed without resolution automated system response seriously worst thing...

    ReplyDelete
  3. Do some online changes of date of exit and joining and also for date of birth.. And moreover pf offices responses are very very worst can't explain nobody Pickup the phone and raised complaint also through epf portal complaint has been closed without resolution automated system response seriously worst thing...

    ReplyDelete
  4. They are just advertising only and not settling the claims ...i am also a claiment who have still not got the same...

    ReplyDelete
  5. The worst govt. organization is EPFO. They take their own sweet time to settle the claim.

    ReplyDelete
  6. pls make some changes on rule,name printed on cheque should not be mandatory bcoz my pf claim got rejected due to name not printed on cheque and i do not have passbook.So in this lockdown situation we should get some relief from some of the rule bcoz we cannot go out of the house for the cheque and passbook

    ReplyDelete

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