EPFO Covid-19 Advance / Quitting Job Can Benefit, Find Out How Much Money You Can Withdraw


Last Updated on June 17, 2021 by Dhruv Brahmbhatt

EPFO Covid-19 Advance facility can be availed by any member. Then whether he is doing the job or not. That is, those who have quit their jobs or have been fired or who have not yet found a job can also take advantage of this. According to the EPFO, if someone leaves a job or is fired, but has not yet found a job. However, Kovid can withdraw the advance as a fraction of the PF amount. It will benefit more and more people now.

EPFO accounts

All will get Covid Advance: According to the information provided by EPFO, all PF subscribers can request for Covid Advance. If anyone has quit the job, but the benefit of PF removal has not been used, he is still an EPF member. Under which he can apply for Covid Advance. This will further benefit all types of EPFO ​​members.

Second time facility from the government – Amidst the second wave of Corona, EPFO ​​has announced a non-refundable Covid Advance facility for the second time to its members. The facility was also provided by the government in March last year. Under which the member will get 75% of PF or even three months basic salary which is less.

MONEY

6 crore members can take advantage of this

EPFO’s 60 million members can avail Covid Advance. Employees working in organizations and establishments coming under the purview of EPF scheme are eligible to withdraw this amount. This includes sub-paragraph (3) of para 68 L of EPF scheme, 11952. Revised Employees Provident Fund Fund (Institution) Scheme, 2020 was implemented from last year.

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