EPF Withdrawal: You Can Take PF Loan For Covid Treatment

| | , ,

The second wave of the corona is more impactful than the first one and it created havoc among the people. Even the public is getting panicked because of the inflation in the medical sector, there is a shortage of oxygen cylinders and some states are running lack of remdesivir medicine. Also, the government has given many efforts against the hike in medical treatment.  And also made changes in EPF norms. Now, you can take a PF loan for covid treatment and can reduce your financial liability. In this article, we will discuss EPF Withdrawal For Covid Treatment.

EPF Withdrawal For Covid Treatment

The new norms of EPFO are applicable for the salaried person and the employees having the EPF account. They can withdraw money from the PF account against the covid treatment. Moreover, the EPFO employees have got the additional facilities, i.e., apart from a medical emergency, they can take PF loan for the renovation of a house, purchase of a house, and repayment of a loan. However, if you are a salaried person but don’t have the PF account, then go for the EPF Registration.

Guide to take PF loan for covid treatment

If you belong to a salaried class category and require to take the PF loan against the medical emergency, then you can withdraw a maximum of 6 times your current salary at no locking period. Moreover, you can take the same loan for your parents, spouse, and children.

Documents required to take the PF loan against the Covid Treatment

The list of documents required in this process is listed below.

  •       UAN Number
  •       Bank details of employees and must match with the details provided in the EPF account.
  •       The loan money will not be transferred to any third party.
  •       Employees have to submit photo ID proof and the details enclosed in the ID should match with the details provided in the EPF account.

On the off chance, if you don’t retain the UAN number, then you will have to go for the EPF Registration.

EPFO net new enrolments grow in February 2021

In case, you need any kind of direction connected with the EPF Registration, please feel free to communicate with our business advisors at 8881-069-069.

Download E-Startup Mobile App and never miss the newest updates associating with your business.


Income Tax Rebate Under Section 87A For Income Up To ₹5 Lakh – Explained

FSSAI Director calls on Governor


Leave a Comment