Covid-19 impact: NLC, TCS employees top EPF advance withdrawal list

The top firms which saw the highest amount of applications for EPF advance withdrawal were TCS (9,373 employees), HCL Technologies (6,938) and NLC (3,255)

Information technology firms, including Tata Consultancy Services and HCL Technologies, and power firm NLC India (formerly Neyveli Lignite Corporation) saw the highest withdrawals of employees’ provident fund (EPF) advance since the Covid-19 pandemic began.
 

More than 3,200 NLC employees withdrew Rs 84.4 crore, followed by TCS (Rs 43.3 crore), Visakhapatnam Steel Plant (Rs 40.1 crore), NTPC (Rs 28.7 crore), HCL Technologies (Rs 27.1 crore), Power Grid Corporation of India (Rs 26.2 crore), and Oil and Natural Gas Corporation (Rs 24.2 crore). The firms that saw the highest amount of applications for EPF advance withdrawals were TCS (9,373 employees), HCL Technologies