- Due to Coronavirus (COVID-19), The Labour and Employment Ministry has amended the EPF Scheme 1952 and issue a notification in this regard. It allows the withdrawal of non-refundable advance by EPF members.
- Highlights,
- The notification permits withdrawal not exceeding the basic wages and dearness allowance for three months or up to 75% of the amount standing to member's credit in the account.
- Those who are members of the EPF Scheme 1952 are eligible for the benefits of non-refundable advance.
- Employees' Provident Fund Organisation (EPFO),
- It is a central government organization that was founded on 4th March 1952 and is under the control of the Ministry of Labour and Employment, GoI.
- Commissioner - Sunil Barthwal.
- Additional Commissioner - Rajesh Bansal.
Published On : 30 Mar 2020
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