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Advance From PF Balance-Outbreak of Pandemic Covid-19 - The Employees Provident Funds and Miscellaneous Provisions Act, 1952

Joint Secretary to the Government of India has issued a notification dated 27th March 2020 allowing PF members to a non-refundable advance from the provident fund account not exceeding the Basic/Dearness Allowance for three months or up to 75% of the amount standing to their credit whichever is less. This is available to the employees whose establishment or factory is located in the area declared as affected by the outbreak of any epidemic or pandemic by the appropriate government.

Notification issued is enclosed herewith.

The employee has to apply for an advance online from his login id. Please make sure that KYC is updated by the employee to avail of this facility. Enclosed herewith PPT for your ready reference.


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