Employees Provident Fund Organization Epfo Allowed Members to Avail Second Covid 19 Advance Amid Coronavirus

Business Desk, Amar Ujala, New Delhi

Published by: Dimple Alawadhi
Updated Mon, 31 May 2021 04:39 PM IST

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Relieving its subscribers, it has allowed the withdrawal of a second non-refundable Kovid-19 advance.

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Corona virus epidemic has spoiled the economic condition of the people of the country. The government is doing everything possible to provide relief to the people. Now the Employees Provident Fund Organization (EPFO) has taken a major decision to provide relief to its subscribers in view of the impact of the second wave of epidemic in the country. Subscribers can take advantage of non-refundable Kovid advances for the second time.

In March 2020 too, the government had granted advance facility to EPF subscribers under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). Today, the Labor Ministry has allowed the withdrawal of the second non-refundable Kovid-19 advance, relieving its subscribers of the second wave of epidemic in the country. Under this, you can withdraw 75% of the amount deposited in your PF account or an amount equal to three months salary (basic salary and dearness allowance) (whichever is less) from the account.

Money deposited in the account in just 72 hours
Claims are being settled by auto mode on online claims under Kovid-19 and money is coming to your account in just 72 hours. At present, EPFO ​​has about six crore account holders. From 1 April 2020 to 12 May 2021, 72 lakh employees have availed Non Refundable Kovid-19 Fund (Kovid Advance) for a total of Rs 18,500 crore. In FY 2019, EPFO ​​settled claims worth Rs 81,200 crore from about 1.63 crore account holders.

Find PF balance with missed call
You can know the PF balance just by making a missed call. For this, you have to make a missed call on 011-22901406 from the registered mobile number in your PF account. After this you will get a message in which you will get information about the PF money in your account.

Detailed

Corona virus epidemic has spoiled the economic condition of the people of the country. The government is doing everything possible to provide relief to the people. Now the Employees Provident Fund Organization (EPFO) has taken a major decision to provide relief to its subscribers in view of the impact of the second wave of epidemic in the country. Subscribers can take advantage of non-refundable Kovid advances for the second time.

In March 2020 too, the government had granted advance facility to EPF subscribers under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). Today, the Labor Ministry has allowed the withdrawal of the second non-refundable Kovid-19 advance, relieving its subscribers of the second wave of epidemic in the country. Under this, you can withdraw 75% of the amount deposited in your PF account or an amount equal to three months salary (basic salary and dearness allowance) (whichever is less) from the account.

Money deposited in the account in just 72 hours

Claims are being settled by auto mode on online claims under Kovid-19 and money is coming to your account in just 72 hours. At present, EPFO ​​has about six crore account holders. From 1 April 2020 to 12 May 2021, 72 lakh employees have availed Non Refundable Kovid-19 Fund (Kovid Advance) for a total of Rs 18,500 crore. In FY 2019, EPFO ​​settled claims worth Rs 81,200 crore from about 1.63 crore account holders.

Find PF balance with missed call

You can know the PF balance just by making a missed call. For this, you have to make a missed call on 011-22901406 from the registered mobile number in your PF account. After this you will get a message in which you will get information about the PF money in your account.

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