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Eicher Motors 3673.25↓-26.15(-0.71%)
Grasim Inds 1734.50↑23.95(1.40%)
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HCL Technologies 1138.30↑1.25(0.11%)
HDFC Bank 1604.40↓-2.10(-0.13%)
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Hero Motocorp 2870.60↓-22.05(-0.76%)
Hind. Unilever 2695.80↓-20.90(-0.77%)
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Infosys 1304.50↑5.50(0.42%)
ITC 440.65↓-2.75(-0.62%)
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Maruti Suzuki 9582.10↑96.75(1.02%)
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NTPC 174.10↓-0.45(-0.26%)
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SBI Life Insuran 1215.40↑12.90(1.07%)
St Bk of India 587.20↓0.00(0.00%)
Sun Pharma.Inds. 1008.75↑9.15(0.92%)
Tata Consumer 792.45↓-3.60(-0.45%)
Tata Motors 546.25↑10.35(1.93%)
Tata Steel 109.40↑1.40(1.30%)
TCS 3288.90↓-16.70(-0.51%)
Tech Mahindra 1109.35↓-13.75(-1.22%)
Titan Company 2855.70↓-5.95(-0.21%)
UltraTech Cem. 7882.00↑31.35(0.40%)
UPL 690.00↑6.65(0.97%)
Wipro 404.20↓-0.75(-0.19%)

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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5 min read Last Updated : Apr 02 2020 | 1:14 PM IST

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.

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