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EPFO settles 46 lakh COVID-19-related claims worth Rs 920 cr | EPFO settles 46 lakh claims related to COVID-19, providing Rs 920 crore to members in 4 months

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EPFO settles 46 lakh COVID-19-related claims worth Rs 920 cr

new Delhi. Employees Provident Fund Organizations managing retirement fundsEPFO) To its members COVID-19 Has settled 46 lakh clearance claims to help overcome the difficulties posed by. Under this, the organization has disbursed Rs 920 crore. The EPFO ​​gave its information on Friday.

Under the Pradhan Mantri Garib Kalyan Yojana (PMGKY), the government has provided a non-refundable advance payment scheme in the critical situation of corona virus. The scheme started in April. Under this, EPFO ​​shareholders can withdraw half of the total deposit of their provident fund account or the basic salary of three months – basic salary plus dearness allowance, whichever is less. The EPFO ​​said in a statement that the EPFO ​​has so far settled around 46 lakh claims and disbursed around Rs 920 crore since the Kovid-19 epidemic, furthering the social security campaign.

The EPFO ​​has fixed a maximum time limit of three days for settlement of provident fund withdrawal claims in view of the difficulties related to Kovid-19. According to the EPFO ​​statement, Delhi West Regional Provident Fund Commissioner Uttam Prakash said that the Delhi West office of the EPFO ​​was the highest claims receiving office in the country. The office added some innovative methods and improved work experiences to its claims to be settled on a daily basis. Uttam Prakash said that EPFO ​​Delhi West Office has so far processed and settled around one lakh Kovid-19 claims worth Rs 155 crore.

There will not be a financial crisis during Kovid-19, this way you can withdraw money from PF account

This post was published on August 29, 2020 10:23 am

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