Amid pandemic, EPFO allows members to avail second Covid advance

Decision taken in view of second wave of Covid-19 pandemic, says Union govt; EPFO says it is committed to settle these claims within three days of their receipt

To support its subscribers during the second wave of Covid pandemic, EPFO opn Monday now allowed its members to avail second non-refundable Covid advance. said government. The provision for special withdrawal to meet the financial need of members during pandemic was introduced in March 2020, under Pradhan Mantri Garib Kalyan Yojana (PMGKY). An amendment to this effect was made by Ministry of Labour & Employment in Employees’ Provident Funds Scheme, 1952.

Under this provision, non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to member's credit