Within 15 days of the government’s announcement, allowing withdrawal from Employees’ Provident Fund (EPF) to help people tide over any cash crunch due to the ongoing covid-19 crisis, on 28 March, the EPF Organization processed 331,000 claims, disbursing ₹946.49 crore.
Besides, ₹481.63 crore was withdrawn by 40,826 members of exempted PF Trusts, as on 17 April, according to an EPFO press statement.
You can make tax-free withdrawals of up to three months of salary (basic pay and dearness allowance) or 75% of the balance from the EPF accounts, whichever is lower.
On an average, an EPFO member who applied for withdrawal took out ₹28,500, while a member of the exempted PF trust took ₹1.18 lakh.