COVID-19 : Centre Notifies EPF Scheme Amendment Permitting Non-Refundable Advance To Members [Read Notification]

The Union Ministry of Labour and Employment has notified an amendment to the EPF Scheme 1952 to allow withdrawal of non-refundable advance by EPF members/subscribers in the wake of COVID -19 pandemic in the country. The notification permits withdrawal of up to the amount of basic wages and dearness allowance for three months or upto 75% of the amount standing to member's credit in the...