In simply 15 days, nation’s largest pension fund supervisor EPFO has disbursed an quantity of Rs 946.49 crore and processed 3.Three lakh claims for voluntary withdrawals, underlining a rush for liquidity among the many salaried class.
india
Updated: Apr 17, 2020 05:46 IST
In simply 15 days, nation’s largest pension fund supervisor EPFO has disbursed an quantity of Rs 946.49 crore and processed 3.Three lakh claims for voluntary withdrawals, underlining a rush for liquidity among the many salaried class.
On March 28, the EPFO opened a particular window for withdrawal from the EPF Scheme to tide over the Covid-19 pandemic, as a part of the Pradhan Mantri Garib Kalyan Yojana (PMGKY) bundle to offer a well timed aid to the working class of the nation.
Since this system began, Employees’ Provident Fund Organization (EPFO) has processed 3.31 lakh claims disbursing an quantity of Rs 946.49 crore, stated an official word. In addition, Rs 284 crore have been distributed by the exempted PF Trusts below this scheme, notable amongst them being TCS.
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