Govt relaxes rules, EPFO members can now withdraw non-refundable advance amid coronavirus lockdown
Shortpedia
Content Team
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At a time, when India is undergoing 21-day nationwide lockdown to prevent the coronavirus from spreading, Employees' Provident Fund rules will be relaxed, finance minister Nirmala Sitharaman today said that EPF subscribers can now withdraw 75% of their PF balance or 3 month wages as a non-refundable advance. Presently non-refundable advances are permitted only for specified purposes such as housing, marriage etc.
