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9,000 TCS employees made EPF withdrawals due to Covid pandemic

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NEW DELHI : Over 9,000 employees of IT major Tata Consultancy Services (TCS) withdrew more than ₹43 crore from their employees' provident fund (EPF) account due to the Covid-19 pandemic.

According to a list of company-wise highest EPF withdrawals after coronavirus lockdown, TCS employees ranked second. The Employees Provident Fund Organisation (EPFO) has released a list of top 10 exempted establishments which made the most withdrawals amidst the Covid-19 pandemic.

The list also includes HCL Technologies where almost 7,000 employees withdrew ₹27 crore from their EPF accounts. NLC employees topped the list with ₹84.4 crore withdrawals, followed by TCS ( ₹43.3 crore).

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