The Employees' Provident Fund Organisation EPFO has come forward to help people during the second wave of the COVID-19 pandemic and is now allowing its members to avail second COVID-19 advance from the retirement fund as a non-refundable advance. The provision for special withdrawal to meet the financial need of members during the pandemic was introduced in March 2020, under
Big news for EPFO members! You can now avail second COVID advance - Check details
To support its subscribers during COVID, EPFO has now allowed its over five crore subscribers to avail second non-refundable COVID-19 advance.
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Updated: May 31, 2021, 05:50 PM IST
To support its subscribers during the second wave of COVID-19 pandemic, retirement fund body EPFO has now allowed its over five crore subscribers to avail second non-refundable COVID-19 advance.
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 per cent of amount standing to their credit in their provident fund account, whichever is less.