In order to assist people facing financial challenges during COVID19, the government has allowed limited withdrawal of funds from the Employee Provident Fund (EPF). An EPF member can withdraw up to 75% of EPF account balance or three months’ basic wages or the amount that a person actually needs, whichever is lower, according to the amended rules. In order to be eligible for this, an EPF member has to fulfill the following conditions-

  • Universal Account Number (UAN) of the EPF member must be activated.
  • Aadhaar should be verified and linked with UAN.
  • The bank account of the EPF member with the IFSC Code should be seeded with UAN.
EPF member can log in to his/her account on the Member e-Sewa portal and check the status by clicking on 'Track Claim Status' under the 'online services' tab. However, it is prudent to note whether your organization is exempted from the modified rules. If it is, then EPF members will have to contact the employer for the withdrawal. Exempted organizations are those having private trusts to manage the EPF of employees.