NEW DELHI : Ever since the Employees' Provident Fund Organisation (EPFO) started accepting a special Covid-19 withdrawal claim from account holders who want some extra cash during the coronavirus pandemic, the retirement funds body has been receiving complaints regarding delay in credit of funds.
EPFO said it settles claims for availing advance to fight COVID-19 pandemic within three working days after which a cheque is sent to the bank for crediting amount to bank account of the claimant.
Banks usually take additional one to three working days to deposit funds into your account. However, in some cases this process gets delayed as bank account number and IFSC codes are not updated in the EPFO members portal.