Business Standard

Coronavirus: Govt allows non-refundable advance withdrawals under EPFO

The EPFO has directed its field offices to implement the amendment

EPFO
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EPFO

IANS
The Union Labour and Employment Ministry has notified amendment to the Employees' Provident Funds (EPF) Scheme to allow withdrawal of non-refundable advance by the members in the event of Covid-19 pandemic.
The EPFO has directed its field offices to implement the amendment.
The notification GSR 225(E) amends the EPF Scheme 1952 to allow the withdrawal of non-refundable advance by EPF members in the wake of Covid-19 pandemic in the country.
The notification permits withdrawal not exceeding the basic wages and dearness allowance for three months or up to 75 per cent of the amount standing to member's credit in the EPF account in

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