EPFO has Allowed Second Non Refundable Covid Advance

epfo

Keeping in view, the second wave of Covid Pandemic Employees Provident Fund Organisation (EPFO) has now allowed its members to avail second non-refundable Covid advance.

It was introduced during Covid pandemic first wave, Accordingly, non-refundable withdrawal to the extent of the basic wages and dearness allowance for 3 months as up to 75 percent of the amount standing to EPF account, whichever is less, is provided.

EPFO is committed to settle these claims within 3 days of their receipt. Members who have availed the first Covid 19 advance can now opt for a second Covid-19 advance.

So far, EPFO has settled more than 7,931 Lakh Covid-19 advance claims by disbursing a total of Rs 18,698.15 crore till date.

Click here for official press release:


Knowledge Source:

Scope of Emergency Credit Line Guarantee Scheme Enlarged

Leave a Reply

Your email address will not be published.