Now EPFO members can withdraw more money mentioning COVID-19

Earlier last year, the Employees' Provident Fund Organisation (EPFO) had allowed its members to withdraw COVID-19 advance to meet exigencies due to the pandemic. The members were allowed to withdraw three months basic wages (basic pay + dearness allowance) or up to 75 percent of amount standing to their credit in their provident fund account, whichever is less.

The Employees’ Provident Fund Organisation (EPFO) has allowed its over five crore subscribers to avail of the second COVID-19 advance in view of the second wave of coronavirus infections in the country. The move to allow more money was first introduced in March 2020 under Pradhan Mantri Garib Kalyan Yojana (PMGKY), a Covid-19 aid package. Earlier last year, the Employees' Provident Fund Organisation (EPFO) had allowed its members to withdraw COVID-19 advance to meet exigencies due to the pandemic.