EPFO update: Individuals allowed to withdraw 2nd Covid-19 advance from PF account

Under the provision, non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75 per cent of the amount standing to member's credit in the EPF account, whichever is less, will be provided.

Employees Provident Fund Organisation (EPFO) members can now avail second non-refundable Covid-19 advance in view of the ongoing health crisis, said the labour ministry in a statement. The provision for special withdrawal has been announced with an aim to help members meet financial needs during the pandemic. The first provision for the special PF withdrawal was announced in March 2020 under the Pradhan Mantri Garib Kalyan Yojana (PMGKY).