EPFO settles 9.4 mn claims of formal sector workers since Covid-19 outbreak

The partial EPF withdrawal by private sector workers doubled during this period compared to last year

Around 9.4 million claims of formal sector workers related to various schemes of the Employees' Provident Fund Organisation were settled since April this year – 32 per cent higher than the previous year, the Union Labour and Employment Ministry said on Tuesday.

“Despite the Covid-19 pandemic restrictions, Employees’ Provident Fund Organisation (EPFO) has been able to settle a staggering 9.44 million claims thereby disbursing about Rs 35,445 crore to its members during the period April-August, 2020,” the ministry said in an official statement. It added that these were 32 per cent higher than the claims settled in April-August 2019 and