EPFO Added 9 Lakh Subscribers In May 2021 Despite Pandemic Surge ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.
EPFO said that considering urgent need of members for financial support in these trying times, it has been decided to accord top priority to COVID-19 claims.
Highlights
Second non-refundable COVID-19 advance.
Financial support in trying times.
New Delhi: In what would come as a big respite for lakhs of EPFO Subscribers, the regulatory fund has allowed its members to withdraw more money from account as COVID-19 advance.
“To support its subscribers during the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail second non-refundable COVID-19 advance,” said an official release.
Considering urgent need of members for financial support in these trying times, it has been decided to accord top priority to COVID-19 claims. EPFO is committed to settle these claims within three days of their receipt. For this, EPFO has deployed a system driven auto-claim settlement process in respect of all such members whose KYC requirements is complete in all respects. Auto-mode of settlement enables EPFO to reduce the claim settlement cycle to just 3 days as against the statutory requirement to settle the claims within 20 days, t