Wednesday, April 22, 2020

EPFO settles 10 lakh withdrawal claims including 6 lakh COVID-19 advances in last 15 days

A provision for withdrawal from the EPF Scheme to fight COVID-19 pandemic was announced by the government and an urgent notification issued, providing for non-refundable withdrawal to the extent of basic wages and DA for three months or up to 75 per cent of the amount standing to member's credit in the EPF account, whichever is less.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3eLhlIr

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