The government has come up with a new service, that will help you if there is a sudden need for money in the event of the coronavirus pandemic or any kind of medical emergency. The members of the Employees' Provident Fund (EPF) can now withdraw an advance of Rs 1 lakh from their PF balance immediately in case of any sudden medical emergency. On June 1, EPFO ​​had issued a circular, in which it has been told that this medical advance of Rs 1 lakh will be given in case of sudden hospitalization for the treatment of any deadly disease including coronavirus. Earlier, EPFO ​​had allowed advance to be taken from EPF account for a medical emergency. If he has been admitted to a private hospital in an emergency, then an officer will investigate and then his medical advance will be issued.

Source: dna July 07, 2021 11:48 UTC