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Workers facing financial stress can withdraw 75% from EPF corpus: Know how

FM Nirmala Sitharaman on Mar 26 announced amendment in the EPFO regulation to allow employees withdraw up to 75% of their corpus as non-refundable advance, or 3 months' basic salary, whichever us less

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BS Web Team New Delhi
Finance Minister Nirmala Sitharaman on March 26 announced Rs 1.7 trillion stimulus package to provide relief to the underprivileged, poor and migrant workers affected by a 21-day nationwide lockdown due to Covid-19 crisis. Among several other benefits, the FM also announced amendment in the EPFO regulation to allow employees withdraw up to 75 per cent of their corpus as non-refundable advance, or three months' basic salary, whichever is less. 

Now, the Employee Provident Fund Organisation (EPFO) has started taking withdrawal requests, and has also issued a circular on the frequently asked questions.

Have a question? Here are the FAQs answered:

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First Published: Apr 02 2020 | 1:14 PM IST

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