The central government made a special provision in March 2020 under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). Under this, EPF members can withdraw 70 percent or three months basic salary and dearness allowance of provident fund.
New Delhi. Due to the second wave of coronavirus in the country, lockdown and job loss once again have caused financial crisis in front of many people. In such a situation, if a person is hit by the corona virus, then arranging money for treatment is also a big challenge. As a result, people in financial difficulties to get the to the government ‘s crucial decision to have. Under employee Provident Fund Organization (EPFO) has now PF of money out of the terms of the second time discountHe ‘s decided to do. Now corona virus infection in the treatment of for PF of money extracted being can have. Do you know that before March 2020 in the central government ‘s Prime Minister poor welfare scheme (PMGKY) is under a special provision be had, which under EPF members pf the 70 per cent or three Month ‘s basic salary and dearness allowance removed may have.
You can also withdraw money to buy a house
If you also want to fulfill the dream of buying your home, but you are not able to take a decision due to high interest rates and strict conditions of home loan, then your PF account can be helpful for you. EPF is the fixed amount which is deducted every month from the salary of salaried employees and deposited in an account. The Employees Provident Fund Organization (EPFO) functioning under the Ministry of Labor manages the EPF. This information is also available in the salary slip of every month. Any salaried employee can withdraw money from his PF account to buy a house. Apart from this, this facility has also been provided by EPFO that you can pay up to 90 percent of the amount from the PF account for the purchase of your house. Not only this, you can also pay monthly EMI through your PF account.
Free joins the 7 million rupees to the amount
If you have the body of connected with the means to PF captured is then re- organization of the of you Life Insurance of property will be. Employee Future Fund Organization (EPFO) its members to 7 million rupees to the Life Insurance (Life Insurance) to facilitate a going to . Actually , EPFO ‘s All subscribers Inploij Deposit Linked Insurance Scheme, L976 (EDLI) of the under cover consists of . Epic could under EPFO holder for 7 million bucks to insurance cover to get to . Before this amount 6 million rupees was . Labor Minister Santosh Gangwar the chairmanship of EPFO ‘s Central Board of Trustees (CBT) has 9 Sitnbr 2020 to EDLI plan of under the maximum insured amount increased to 7 million rupees to the decision made was .
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