New Delhi: Ministry of Labour and Employment issued a notificcation on Sunday to amend the scheme Employees Provident Fund (EPF) Scheme. The ministry also allowed the withdrawal of non-refundable advance by EPF members in the wake of COVID -19 pandemic in the country.
The notification permits withdrawal not exceeding the basic wages and dearness allowance for three months or upto 75% of the amount standing to member's credit in the EPF account in the event of outbreak of epidemic or pandemic.
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"A sub-para(3) under para 68L has been inserted in the EPF scheme, 1952. The amended scheme Employees Provident Fund (Amendment) scheme, 2020, has come into force from March 28, 2020," said the notification.
Following the notification, EPFO has issued directions to its field offices for promptly processing any applications received from EPF members to help them fight the situation.
In its communication EPFO has stated that officers and staff must process claims of EPF subscribers promptly so that relief reaches the worker and his family to help them fight with COVID-19.
