3.31 lakh PF withdrawal claims processed in 15 days: EPFO

The Employees Provident Fund Organisation, on Thursday, said it has processed 3.31 lakh provident fund withdrawal claims amounting to Rs 946.49 crore in 15 days.

Government had notified the special withdrawal provision from the EPF Scheme on March 28 to tide over the COVID-19 pandemic as part of the Pradhan Mantri Garib Kalyan Yojana (PMGKY) package.

According to EPFO, another Rs 284 crore have been distributed by the exempted PF trusts under this scheme, notable among them being TCS.


Under this provision, non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to member's credit in the EPF account, whichever is less, is admissible.

The member can apply for lesser amount also. This being an advance, does not attract income tax deductions.

"EPFO is committed to serve its members during this crisis, and EPFO offices are functional to maintain the continuity of essential services even in difficult situations," it said.

Subscribers can apply online for withdrawal under the scheme.