Retirement fund physique, the Workers’ Provident Fund Organisation (EPFO), has allowed its members to avail second non-refundable COVID-19 advance whereby the EPFO subscribers will likely be allowed withdraw as much as 75 per cent of their contribution from the corpus or the sum of primary wages and dearness allowance for a interval of three months to ease the burden on its members within the wake of second wave of COVID-19 pandemic. “To help its subscribers throughout the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail second non-refundable COVID-19 advance,” Ministry of Labour & Employment mentioned in a press launch.
In wake of the second wave of COVID-19 pandemic whereby ‘mucormycosis’ or black fungus was declared an epidemic, EPFO determined to lend a serving to hand to its members by assembly their monetary wants.
Members who’ve already availed the primary COVID-19 advance can now go for a second advance additionally, the retirement physique mentioned.
“Contemplating pressing want of members for monetary help in these attempting occasions, it has been determined to accord prime precedence to COVID-19 claims. EPFO is dedicated to settle these claims inside three days of their receipt,” EPFO added.
Right here is declare you provident fund withdrawal on-line:
The person is required to log in to the EPF scheme’s member portal – unifiedportal-mem.epfindia.gov.in. That is to use for both 75 per cent of the non-refundable advance element of an EPF account or three months of wages and dearness allowance, whichever is much less.
As soon as logged in, the member has to pick out the declare kind 31 below the web providers part of the web site. Within the subsequent step, the person is prompted to confirm the final 4 digits of financial savings checking account quantity linked with the PF account and click on on “proceed”.
The EPF subscriber is redirected to a withdrawal kind. On the subsequent web page, the member selects the “PF Advance” kind (Kind 31) from the dropdown subsequent to the textual content “I need to apply for”.
The person, then has to pick out, the aim for withdrawal. The portal has launched a brand new possibility, referred to as “outbreak of pandemic (Covid-19)”, within the dropdown menu.
The subscriber is requested to offer a scanned copy of a cheque clearly exhibiting the IFSC code and the account quantity.
The member submits the request by verifying the Aadhaar quantity via an OTP- or One Time Passcode-based methodology.