{"id":949,"date":"2021-06-28T11:45:05","date_gmt":"2021-06-28T11:45:05","guid":{"rendered":"http:\/\/lbscompany.com\/?p=949"},"modified":"2021-06-28T11:46:30","modified_gmt":"2021-06-28T11:46:30","slug":"epfo-allows-its-members-to-avail-second-covid-19-advance","status":"publish","type":"post","link":"https:\/\/lbscompany.com\/index.php\/2021\/06\/28\/epfo-allows-its-members-to-avail-second-covid-19-advance\/","title":{"rendered":"EPFO allows its members to avail second COVID-19 advance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"949\" class=\"elementor elementor-949\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-76f4596 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"76f4596\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1af7193\" data-id=\"1af7193\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-040a91b elementor-widget elementor-widget-heading\" data-id=\"040a91b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">EPFO allows its members to avail second COVID-19 advance<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1132b5 elementor-widget elementor-widget-text-editor\" data-id=\"c1132b5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t\t<p>To support its subscribers during the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail second non-refundable COVID-19 advance. The provision for special withdrawal to meet the financial need of members during pandemic was introduced in March 2020,<\/p><p>under <a href=\"https:\/\/www.expertadvisorz.com\/wp-content\/uploads\/2020\/07\/PMGKY_Website.pdf\">Pradhan Mantri Garib Kalyan Yojana (PMGKY)<\/a>. An amendment to this effect was made by Ministry of Labor &amp; Employment in Employees\u2019 Provident Funds Scheme, 1952 by inserting therein sub-para (3) under paragraph 68L, through notification in the Official Gazette.<\/p><p><strong><u>Under this provision, non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75% of the amount standing to member&#8217;s credit in the EPF account, whichever is less, is provided<\/u>. <\/strong><\/p><p>However, members can apply for lesser amount also.<\/p><p>Members who have already availed the first COVID-19 advance can now opt for a second advance also. <u>The provision and process for withdrawal of second COVID-19 advance is same as in the case of first advance.<\/u><\/p><p>Source: <a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=1723083\">Press release dated 31 MAY 2021 2:03PM by PIB Delhi<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>EPFO allows its members to avail second COVID-19 advance To support its subscribers during the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail second non-refundable COVID-19 advance. The provision for special withdrawal to meet the financial need of members during pandemic was introduced in March 2020, under Pradhan Mantri Garib [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-949","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/lbscompany.com\/index.php\/wp-json\/wp\/v2\/posts\/949"}],"collection":[{"href":"https:\/\/lbscompany.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lbscompany.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lbscompany.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lbscompany.com\/index.php\/wp-json\/wp\/v2\/comments?post=949"}],"version-history":[{"count":4,"href":"https:\/\/lbscompany.com\/index.php\/wp-json\/wp\/v2\/posts\/949\/revisions"}],"predecessor-version":[{"id":953,"href":"https:\/\/lbscompany.com\/index.php\/wp-json\/wp\/v2\/posts\/949\/revisions\/953"}],"wp:attachment":[{"href":"https:\/\/lbscompany.com\/index.php\/wp-json\/wp\/v2\/media?parent=949"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lbscompany.com\/index.php\/wp-json\/wp\/v2\/categories?post=949"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lbscompany.com\/index.php\/wp-json\/wp\/v2\/tags?post=949"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}