Check How to claim your PF Advance online

The federal government of India is permitting employees dealing with monetary issue resulting from lockdown to withdraw funds from their PF accounts on-line. Right here’s all you’ll want to find out about this facility.

Eligible Quantity for PF Advance
Workers can apply for as much as 75% of the full PF stability or Three months of PF wages or the claimed quantity by the member whichever is much less.

For instance: If in case you have Rs 50,000 in your EPF account and the month-to-month wage allowance is Rs 15,000. Then 75% of the stability comes as Rs 37,500, whereas the three month wage is Rs 45,000. So, you’re eligible to stand up to Rs 37,500 as that is much less in comparison with the three months of month-to-month wage.

Eligibility standards
1. UAN ought to be activated.

2. Verified Aadhaar ought to be linked with UAN

3. Financial institution Account with IFSC code ought to be seeded with UAN

Find out how to file on-line advance declare for the aim “Outbreak of pandemic”