EPFO settled 46 lakh claims worth Rs 920 crore related to Covid-19

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New Delhi, 30 August 2020 Sunday

The Employees Provident Fund Organization (EPFO), which manages the retirement fund, has settled 46 lakh withdrawal claims to help its clients overcome the difficulties caused by COVID-19. Under this, the organization has paid Rs 920 crore, the EPFO ​​said.

Under the Pradhan Mantri Garib Kalyan Yojana (PMGKY), the government has provided a non-refundable advance payment scheme in case of CWID-19 crisis. The scheme was launched in April. Under this, EPFO ​​stakeholders can withdraw half of the total deposit from their Provident Fund account or three months' basic salary plus basic allowance plus whichever is less.

The EPFO, which is leading the social security campaign, has so far settled about 46 lakh claims since the Kovid-19 epidemic and has disbursed about Rs 920 crore, the EPFO ​​said in a statement. The EPFO ​​has set a maximum three-day limit for settling provident fund withdrawal claims in view of the difficulties related to Covid-19.

According to EPFO's statement, Uttam Prakash, Regional Provident Fund Commissioner, Delhi West, said that EPFO's Delhi West office has become the most sought-after office in the country, adding some innovative methods and better work experience to its day-to-day operations. . Uttam Prakash said that EPFO ​​Delhi West office has so far spent Rs. About one lakh Kovid-19 claims worth Rs 155 crore have been settled.

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