Employees Provident Fund Organisation (EPFO) has settled 1.37 lakh provident fund withdrawal claims worth Rs 280 crore to provide relief to subscribers during the lockdown. The amount was disbursed under a new provision especially formulated by amending the EPF Scheme to help subscribers fight COVID-19.
EPFO has settled these claims in the past ten days. It has also put in place an electronic mechanism for crediting EPF and EPS accounts of its subscribers as per the relief package under PM Ghareeb Kalyan Yojana last month.
Discussion about this post