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EPFO withdrawal relaxation
The Employees’ Provident Fund Regulations will be amended to include the coronavirus pandemic as grounds for allowing a non-refundable advance of 75% of the corpus or three months of wages, whichever is lower, from employee accounts.
Eligibility criteria
Anyone with a PF account
What it covers
75% of the entire PF corpus or 3 months salary, whichever is lower, can be withdrawn for respective accounts.
How to access it
To apply for a PF advance:
- Log in to the Member Interface of the Unified Portal
- Go to Online Services and then click Claim (Form-31,19,10C & 10D)
- Enter last 4 digits of your bank account and verify
- Click Proceed for Online Claim
- Select PF Advance (Form 31) from the drop down
- Select the purpose as Outbreak of pandemic (COVID-19) from the dropdown
- Enter amount required, upload a scanned copy of a cheque, and enter your address
- Click Get Aadhaar OTP
- Enter the OTP received on your Aadhaar-linked mobile
Once you complete these steps, your claim is submitted.
Duration
Until the pandemic situation subsides
Disclaimer:
Information provided here has been sourced from news articles based on the press conference by Government officials.