had on June 9 said that 3.6 million claims were settled between April and May 2020, compared to 3.4 million claims in the same period of the previous year. The claims led to a disbursement of Rs 11,540 crore to subscribers during these two months. More than 40 per cent of the claims, amounting to Rs 4,580 crore, were related to the Covid-19 advance facility.
Under the Covid-19 advance withdrawal facility, employees can withdraw EPF advance to the tune of three months of their wages or up to 75 per cent of their balance, whichever is less. Employees have the flexibility to withdraw a lower amount.