Due to sluggishness and lockdown in the economy, some people have lost their jobs, while some people have been cut in salary. Because of this, many people are struggling with a huge cash shortage. To give some relief to the people, the Union Labor Ministry has recently made some amendments in the provisions related to the Employees Provident Fund (EPF) scheme. After this amendment, EPFO members can withdraw a part of their PF amount as a non-refundable advance. A separate reason for this has been added in the online PF withdrawal named Covid-19.
EPFO settled 1.37 lakh of clearance claims within 10 days amid corona
EPFO has informed that the organization is giving priority to those withdrawing PF due to COVID-19. It has said that the claim of PF subscribers applying for PF withdrawal due to Covid-19 is being processed in auto mode within 72 hours.
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This step means that if you have applied for PF withdrawal due to any other reason than Covid-19, then its processing may take relatively longer. In view of this, the EPFO has told people that PF account holders have already filled the PF withdrawal form citing some other reason, and they have not yet been processed, then those people want to get relief soon. Covid-19 can fill the form once again, giving reasons. The same, according to Friday's data, the EPFO has disposed of 1.37 lakh PF withdrawal claims filed in less than ten days due to Covid-19.
