Covid-19 impact: Govt allows withdrawal from EPF savings
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The labour ministry on Sunday issued a notification allowing millions of subscribers of the employees’ provident fund organization (EPFO) to withdraw a portion of their retirement savings with immediate effect amid the Covid-19 lockdown. As per the gazette notification, EPFO subscribers can withdraw 75% of their savings or up to a maximum of three months’ basic pay and dearness allowance from their PF account – whichever is lower. Once a subscriber withdraws the amount, it cannot be replenished after the situation improves.
https://www.livemint.com/news/india/covid-19-lo...
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https://www.desidime.com/discussions/covid-19-impact-govt-allows-withdrawal-from-epf-savings?page=1#post_6582647
No announcement as of now.
https://www.desidime.com/discussions/covid-19-impact-govt-allows-withdrawal-from-epf-savings?page=1#post_6582478
Not for MNCs like Infosys
https://www.desidime.com/discussions/covid-19-impact-govt-allows-withdrawal-from-epf-savings?page=1#post_6582594
Bigger private organisations will have their own EPFO trust. They will have to come out with their own notification.
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anything similar for nps subscribers ?