Members of Employees’ Provident Funds Scheme can now avail one more non-refundable advance from their EPF deposits. In order to support its subscribers during the second wave of COVID-19 pandemic, the retirement fund body on Monday (May 31, 2021) allowed its members to avail second non-refundable COVID-19 advance, the government said in a notification.
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EPFO allows members to avail second Covid-19 advance amid second wave.
Members of Employees’ Provident Funds Scheme can now avail one more non-refundable advance from their EPF deposits. In order to support its subscribers during the second wave of COVID-19 pandemic, the retirement fund body on Monday (May 31, 2021) allowed its members to avail second non-refundable COVID-19 advance, the government said in a notification.
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EPFO allows members to avail second Covid-19 advance amid second wave
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Labour Minister Santosh Gangwar on Tuesday said over 6 crore EPFO members will get 8.65 per cent interest on their deposits for 2018-19. The Central Board of Trustees -- the apex decision-making body of the Employees' Provident Fund Organisation (EPFO) -- had approved 8.65 per cent interest rate for the last fiscal in February this year. The proposal was sent for the concurrence of the finance ministry.
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