The new COVID variant Omicron is mild but cases are still rising. And India recorded 3,17,532 new Covid-19 cases, 491 deaths in the last 24 hours, taking the total death toll to 4,87,693, according to health ministry data released on Thursday.
According to the government, the death toll in the third wave of the COVID-19 pandemic has been significantly lower as compared to the previous wave. But the pandemic still has an impact on financial issues. In order to reduce the financial trouble of the salaried class, the government has allowed a certain amount to be withdrawn from the Employees’ Provident Fund.
In March 2020, the government announced a relief to small businesses facing cash crunch during the pandemic. According to the amendment in the EPF scheme rules, ‘a member can withdraw an amount equal to three months’ basic salary and dearness allowance (DA) or 75 percent of the balance in the account.’
Notably, employees who contribute to EPF can apply for an advance from their EPF accounts. To withdraw money, an employee will need a Universal Account Number (UAN) allotted by the EPFO, and their Aadhaar, PAN and bank account should be linked to their UAN.
Here’s how to withdraw money from EPF account online due to COVID-19
Log on to the EPFO website and select the option ‘Claim (Form-31, 19 and 10C)’ under the ‘Online Services’ tab.
It will then display your name, date of birth and the last four digits of your Aadhaar number, and you will be asked to enter the ‘last 4 digits’ of the bank account number. Enter it and then tap on Verify option. You will then see a pop-up asking you to provide the ‘Certificate of Undertaking’.
-Once the verification is done, click on ‘Proceed’. Then select ‘PF Advance (Form 31)’ from the drop-down menu.
- From the drop-down menu, select ‘Pandemic outbreak (COVID-19)’ as the reason for your return.
After that mention the required advance amount, provide address and scanned copy of bank cheque.
- You will get an OTP linked to your Aadhar account
Fill the OTP and submit your application.
How to withdraw money from EPF account online due to COVID-19 This post first appeared on BGR India.