EPFO Circular: Employees’ Provident Fund Organization (EPFO) subscribers can withdraw money equal to 3 months’ salary from their Provident Fund account. You will not have to return this money.
EPFO Circular: In view of the conditions of Coronavirus, Employees’ Provident Fund Organization (EPFO) has once again given the benefit of advance scheme to its subscribers. EPFO subscribers can withdraw money equal to 3 months’ salary from their Provident Fund account. You will not have to return this money. For this EPFO members can apply online. EPFO has made changes in the EPF Scheme-1952 for this. Employees can withdraw 75% of the amount deposited in their account or an amount equal to three months’ salary.
Advance can be taken up to Rs 1 lakh
Employees Provident Fund (EPF) members can now withdraw up to Rs 1 lakh in advance for any medical emergency. The special thing is that you will not need to give any guarantee for this. There, no questions will be asked. In the circular of June 1 issued by the EPFO, a medical advance of Rs 1 lakh will be given for the treatment of Kovid-19 disease. Let us tell you, EPFO has recently approved advance from EPF account for medical emergency.
Claims being processed within 72 hours
According to the Ministry of Labor, the work is going on to process the application for full KYC accounts within 72 hours. Last year, the employees got a lot of relief from this. EPFO had released a total amount of Rs 18,698.15 crore under such 76.31 lakh advance claims of Kovid-19.
You can withdraw money from PF online
- To withdraw PF, the employee will first have to login to the official website of EPFO https://unifiedportal-mem.epfindia.gov.in/memberinterface/.
- As soon as the website opens, you will have to enter UAN and password and captcha on the right side. After that click on Sign In.
- On the page opened, you can see the employee profile on the right side of the page.
- Now click on ‘Manage’ tab and select KYC from the drop-down menu.
- On the next page, click on Services tab of Online Services and select Form (Form-31,19,10C & 10D) from the drop-down list.
- You can see the details of the member here. Now enter the last four digits of your bank account to verify and click ‘Yes’.
- On the next page, select Form No. 31. After this you will come here written ‘I want to apply for’ on which you have to click. After this click on ‘Proceed for online claim’.
Some conditions for claim
- UAN must be activated.
- Your verified Aadhaar should be linked with UAN.
- Bank account should be linked to UAN with IFSC code.
