EPF (Amendment) Scheme, 2020

This document details the Employees' Provident Funds (Amendment) Scheme, 2020, which came into effect on 30th March 2020. It introduces a provision allowing members employed in areas affected by epidemics or pandemics to withdraw a non-refundable advance from their provident fund. The advance amount is limited to three months' basic wages and dearness allowances or 75% of the fund balance, whichever is less. This amendment is particularly relevant for employees facing hardship due to such health crises.

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