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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

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However, there was a 35 per cent decline in the final EPF settlement claims in April-August, 2020 compared to the same period last year, even as partial withdrawals of PF money “more than doubled”.

Somesh Jha New Delhi

3 min read Last Updated : Sep 09 2020 | 12:51 AM IST

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

Topics : Coronavirus EPFO private sector workers PF claims

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