The Ministry of Labour and Employment vide its Gazette Notification dated 27th March 2020, has allowed the members of Employees’ Provident Fund Organisation (EPFO) to withdraw a portion of their retirement savings with immediate effect to deal with the Covid-19 pandemic.
The members who are employed in any establishment or factory located in any area declared as affected by outbreak of any epidemic or pandemic by the appropriate Government, can make an application to withdraw a non-refundable advance from her/his provident fund account for an amount not exceeding her/his basic wages and dearness allowances for 3 months or up to 75% of the amount standing to her/his credit in the Fund, whichever is less.
Click here to read the Notification.
