EPF rules changed for getting non-refundable advance2 min read 26 Mar 2020, 02:01 PM IST
This has been done to ease the hardship caused by economic disruption due to coronavirus lockdown
This will benefit about benefit 4.8 crore employees
To help tide over hardship caused by the coronavirus lockdown, Employees' Provident Fund (EPF) rules will be relaxed, finance minister Nirmala Sitharaman announced today. EPF subscribers can now withdraw 75% of their PF balance or 3 month wages as a non-refundable advance, whichever is lower. This will benefit about benefit 4.8 crore employees.
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