From PF advance to Aadhaar-UAN linking, here are 5 EPF updates in 2021 that you should know

Employees' Provident Fund Organisation (EPFO) has in the recent times come up with several guidelines and offered facilities to its subscribers who are saddled with economic burden amidst the onslaught of the COVID-19 Pandemic.

New Delhi: Employees' Provident Fund Organisation (EPFO) has in the recent times come up with several guidelines and offered facilities to its subscribers who are saddled with economic burden amidst the onslaught of the COVID-19 Pandemic. Right from COVID PF advance to extending the deadline for Aadhaar-UAN linking, EPFO has announced several facilities for the PF Subscribers. Here are 5 EPF updates in 2021 that you should know about. (Also read: 5 benefits of PF account that every salaried person must know) The regulatory fund has allowed its members to withdraw more money from account as COVID-19 advance. “To support its subscribers during the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail second non-refundable COVID-19 advance,” had said an official release. Considering urgent need of members for financial support in these trying times, it has been decided to accord top priority to COVID-19 claims. EPFO is committed to settle these claims within three days of their receipt. For this, EPFO has deployed a system driven auto-claim settlement process in respect of all such members whose KYC requirements is complete in all respects. Auto-mode of settlement enables EPFO to reduce the claim settlement cycle to just 3 days as against the statutory requirement to settle the claims within 20 days, the release said.