EPF withdrawal fund News

The norms by the Employees’ Provident Fund Organisation (EPFO) revealed that employees are well within their rights to withdraw money for a medical emergency, construction or purchase of a new house, renovation of the house, repayment of home loan, and wedding purposes. To withdraw money for COVID-19 treatment, a person needs to get it under the medical emergency for spouse, or member or parent or children. An employee is eligible to get six times the monthly salary or employee’s share with interest (whichever amount is lesser) from the EPF for medical treatment including that of COVID-19.