EDUCATION

EPFO Settles 1.37 Lakh COVID-19 Claims Under PMGKY Scheme

By TEAM CIRCULAR EXPRESS • 09 Apr 2020
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The EPFO has implemented a special non-refundable withdrawal provision under the PMGKY scheme to support members during the COVID-19 pandemic. A new automated software system was deployed to process these claims in a paperless, priority manner for KYC-compliant accounts. As of April 2020, over 1.37 lakh claims totaling Rs. 279.65 crores have been settled, with most processed within 72 hours. To facilitate online applications, EPFO has relaxed date of birth correction criteria by accepting Aadhaar records. The initiative aims to provide financial relief to subscribers while maintaining social distancing.
City
New Delhi
State
Delhi
purpose of issuance
To inform the public about the successful implementation and status of the special COVID-19 EPF withdrawal scheme.
Most Important Details
EPFO introduced a new automated system to settle COVID-19 advances within 72 hours for KYC-compliant members, disbursing Rs. 279.65 crores for 1.37 lakh claims, and relaxed date of birth correction rules using Aadhaar.

Regards, Circular Express

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