The Employees' Provident Fund Organisation (EPFO), has permitted contributors to withdraw a non-refundable COVID-19 advance from their savings. Members who have already availed the first COVID-19 advance can now opt for a second advance also. As per the Labour Ministry statement, the provision and process for withdrawal of the second COVID-19 advance is the same as in the case of the first advance. Official figures show, cumulatively, that EPFO has settled more than 7.63 million COVID-19 advance claims, disbursing Rs 18,698.15 crores in all since the facility was made available. To facilitate prompt settlement, EPFO has also deployed a system-driven auto-claim settlement process in respect of all members whose KYC requirements are complete in all respects.

Source: dna June 01, 2021 05:52 UTC