EPFO settles withdrawal claims worth Rs 279.65 cr
Tribune News Service
New Delhi, April 10
Employees Provident Fund Organisation (EPFO) has processed about 1.37 lakh EPF withdrawal claims across the country disbursing an amount of Rs279.65 crore under a new provision to help subscribers deal with Covid challenge.
Underlining that the remittances of the money have already started taking place, the Union Labour Ministry on Friday said the system as it stood that day was processing all applications which were fully KYC compliant within less than 72 hours.
The new provision was rung in by amending the EPF Scheme on March 28 on the heels of announcement of national lockdown due to Covid outbreak.
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