EPFO new rules: During the pandemic, the government has made a welcome change for the PF account holders. Medical emergencies cannot be predicted, especially during this difficult time. Looking at the situation, PF account holders no longer need to worry about money. Know what changes have been made
PF rule changes
- Under the new rule, PF account holders can withdraw advances up to Rs. 1,00,000 from PF account in case of medical emergency.
- In this regard, the Employees’ Provident Fund Organization (EPFO) had issued a circular on June 1.
- Money can be withdrawn for any disease (not just coronavirus) after hospitalization in case of emergency.
- According to the new rule, the employee or any member of his family will have to give a letter applying for the advance.
- Presenting patient and hospital information is also required.
how to withdraw money
- Medical advance can be claimed by visiting epfindia.gov.in.
- Go to ‘Online Services’ on the website.
- Here you have to fill the claim (Form-31, 19, 10C and 10D).
- Now enter the last 4 digits of your bank account and verify.
- Click on ‘Proceed for Online Claim’.
- Select the option ‘PF Advance’ from the drop-down (Form 31).
- Select a reason for withdrawing money.
- Enter the required amount, upload the scanned copy of the check and enter your address.
- Click on ‘Get Aadhaar OTP’.
- Here you will see OTP linked with Aadhaar. fill it.
- With this the claim has been filled.
What was the Old Testament?
- At the time of medical emergency, there was a facility to withdraw money from EPF. This money was received after depositing the medical bill.
- Medical Advance Service is different from this. You will get money without bills.
- You just need to apply and the money will be transferred to your account within few hours.
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