How to withdraw from EPF if you need money due to coronavirus

The government on March 26,2020 announced that you can withdraw a certain amount from your Employees' Provident Fund (EPF) account, if you are facing financial problems due to the coronavirus-related lockdown. The government has notified the amendment in rules regarding withdrawal of funds from EPF accounts for COVID-19-related financial exigencies. As per the amended rules, an EPF member can withdraw an amount equal to three months of basic and dearness allowance (DA) or 75 per cent of the credit balance in the account, whichever is lower.

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