Recently, EPFO has provided the facility of withdrawing advance amount from PF account to people for the second time in view of Corona epidemic.
New Delhi. The country is currently battling with the second wave of Coronavirus. During the Corona period, people often fall short of money. In such a situation, you can withdraw the Provident Fund (PF) money with you. Actually, the Employees Provident Fund Organization or EPFO has provided the facility for the second time to the people to withdraw advance amount from the PF account in view of the epidemic. Last year also, EPFO had provided facility to crores of employees to withdraw advance from their PF.
What is EPFO’s new scheme/offer
PF subscribers have been allowed to withdraw three months’ basic salary (Basic Salary + Dearness Allowance (DA)) or up to 75% of the amount deposited in their PF account (whichever is less), which is not required to be refunded. . If PF subscribers want, they can also apply for a lower amount.
How to apply for PF Advance,
you can follow these steps by visiting EPFO portal or you can also file claim for PF Advance through UMANG App.
>> Log in to the member interface of EPFO’s Unified Portal (https://unifiedportalmem.epfindia.gov.in/memberinterface).
>> Now go to Online Services and click on Claim (Form-31,19,10C, 10D).
>> Enter the last 4 digits of your bank account and verify.
>> Then click on Proceed for Online Claim.
>> Now select Outbreak of Pandemic (Covid-19).
>> Enter the amount you need.
>> Click on Get Aadhaar OTP and enter the OTP.
>> In this way your claim will be submitted and money will be credited to your bank account within 3 days.
