EPF Withdrawal: The EPFO is offering Employees’ Provident Fund (EPF) account holders to cope with the financial heat caused during the COVID-19 pandemic enforced lockdown.
EPF Withdrawal: The Employees’ Provident Fund Organisation (EPFO) is offering Employees’ Provident Fund (EPF) account holders to cope with the financial heat caused during the COVID-19 pandemic enforced lockdown. The Narendra Modi Government had eased the EPFO withdrawal rules during the Coronavirus lockdown allowing EPF account holders to partially withdraw from their EPF account. Employees should know that this facility is available till 30th June 2020 only.
So, those EPF account holders who want money to beat the COVID-19 financial crisis, they still have time to opt for this central government’s offer. in fact, now they can get money transferred in their account online at a faster rate after putting up the partial EPF withdrawal application with the EPFO.
To hasten the EPFO claim, whether it is related to provident fund, pension, partial withdrawal and transfer, the EPFO has recently launched multi-location claim settlement facility. At the time of lunch of this facility by the EPFO, the Labor Ministry said that it would bring a change by allowing EPFO offices to settle claims online from any regional office in the country.
The Labor Ministry went on to add that the number of EPF claims has increased significantly following the announcement of the COVID-19 advance. Despite the crisis, offices in Mumbai, Thane, Haryana and Chennai zones are continuously open with fewer employees, but the workload on them has increased considerably. Corona crisis is more at these places due to which, the pending cases were increasing continuously.
Despite half the workforce in this testing times, the EPFO employees continue to work for its subscribers in an exemplary manner. The total number of EPFO members in the country is more than 60 million.