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You are here: Home / CGE LATEST NEWS / EPFO Settles 3.31 Lakh COVID-19 Claims in 15 Days – PIB
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EPFO Settles 3.31 Lakh COVID-19 Claims in 15 Days – PIB

April 17, 2020 GEDWEBZIP

EPFO Settles 3.31 Lakh COVID-19 Claims in 15 Days – PIB

Press Information Bureau
Government of India
Ministry of Labour & Employment

16-April-2020

As Part of PMGKY Package EPFO Settles 3.31 Lakh COVID-19 Claims in 15 Days

About Rs 950 Crore Disbursed

The provision notified on 28th March 2020, for a special withdrawal from the EPF Scheme to tide over the COVID-19 pandemic, as part of the Pradhan Mantri Garib Kalyan Yojana (PMGKY) package, has provided timely relief to the working class of the nation.

Since the introduction of this program, in just 15 days, Employees’ Provident Fund Organization (EPFO) has processed 3.31 lakh claims disbursing an amount of Rs. 946.49 crores. In addition, 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. The availability of these facilities through online services has brought much relief to the needy subscribers during the lockdown period, coming to their rescue during these testing times.

*****

Source: PIB

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  12. Rs. 50 lakh compensation declared for the Port employees/workers in case of loss of life due to COVID-19 – PIB
  13. EPFO : Settlement of death claims in events of industrial accidents
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  18. Reimbursement of RME claims in r/o. COVID-19 treatment
  19. EPF Claim settlement period reduced from 30 days to 20 days
  20. Ex gratia Death Relief Fund of Rs. 10 Lakh in the event of death of an employee of the Central Board

Filed Under: CGE LATEST NEWS, EPFO NEWS, PIB NEWS April 17, 2020 Leave a Comment

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