7.4L pull out additional Rs 2,400cr from EPF

Around 7.4 lakh EPFO (Employees Provident Fund Org) subscribers have tapped their provident fund accounts to withdraw close to Rs 2,368 cr in one month, using a special window created due to the Covid-19 lockdown. Under the special facility, a non-refundable withdrawal of three months’ salary or up to 75% of the balance (whichever is less) has been provided.

from Times of India https://ift.tt/3f2A02T