In March-end, the government came to the rescue of people facing a cash crunch due to the covid-19 lockdown, by allowing them to take non-refundable advance from Employees’ Provident Fund (EPF).
As per the data released by EPF Organisation on 28 April, 740,000 such claims have been settled. However, it seems, many more who made a similar application are still waiting to get their money.
Many subscribers took to social media to complain about delays in receiving the money or rejection of claims. Employees are allowed to withdraw up to 75% of the outstanding balance in their PF accounts or three months basic plus dearness allowance, whichever is lower.