January 2019

Non-Refundable Advance to EPFO Member In Case Of Continuous Un-Employment

The Central Government has amended Employees’ Provident Funds Scheme, 1952 by adding a new provision under Paragraph 68HH vide the Employees’ Provident Funds (Amendment) Scheme, 2018.

As per this scheme, in a Factory or any Establishment, a member is allowed for a non-refundable advance up to seventy-five per cent of the amounts standing to his credit in the Fund.