withdraw cash from EPF account on-line on account of COVID-19 – BGR India

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The brand new COVID variant Omicron is milder however circumstances are nonetheless rising. And India recorded 3,17,532 new Covid-19 circumstances, 491 deaths within the final 24 hours, pushing the full demise toll to 4,87,693, as per Ministry of Well being stats launched on Thursday. Additionally Learn – Over 40 crore Aadhaar-based banking transactions occurring monthly by means of AePS: UIDAI
As per the federal government, demise as in opposition to lively circumstances has been considerably decrease within the third wave of the COVID-19 pandemic as in comparison with the earlier wave. However the pandemic nonetheless has an impression on monetary points. To ease the monetary troubles of the salaried class, the federal government has allowed withdrawing a sure sum of cash from Staff’ Provident Fund. Additionally Learn – Wish to change tackle in Aadhaar card? Right here’s learn how to do it on-line
The announcement was made again in March 2020 with the federal government providing reduction to small companies that had been going through a money crunch in the course of the pandemic. As per the modification in EPF scheme guidelines ‘a member can withdraw an quantity equal to a few months of fundamental wage and dearness allowance (DA) or 75 % of the credit score steadiness within the account.’ Additionally Learn – EPFO e-nomination deadline prolonged: Right here’s all that it’s worthwhile to know
Notably, staff who contribute to EPF can apply for an advance from their EPF accounts. To withdraw cash an worker would require a Common Account Quantity (UAN) allotted by EPFO, and their Aadhaar, PAN, and checking account have to be linked with their UAN.
-Login to the EPFO’s web site and below the tab ‘On-line Companies’, select the choice ‘Declare (Kind-31, 19 and 10C).’
-It’s going to then show your title, date of beginning, and the final 4 digits of your Aadhaar quantity, and you may be requested to enter ‘final 4 Digit’ of the checking account quantity. Enter it after which faucet on the Confirm choice. You’ll then see a pop-up asking you to supply a ‘Certificates of enterprise.’
-As soon as the verification is finished, click on ‘Proceed for’. Then choose ‘PF advance (Kind 31)’ from the drop-down menu.
– From the drop-down menu, choose ‘Outbreak of pandemic (COVID-19)’ as the rationale on your withdrawal.
– Then point out the quantity of advance required, present the tackle and a scanned copy of financial institution cheque.
– You’re going to get an OTP related along with your Aadhaar account
-Fill the OTP and submit your utility.
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