Officers allege ‘arbitrary preconditions’ for settlement
The Employees’ Provident Fund Organisation (EPFO) processed around 2.88 lakh applications for withdrawal of advance by subscribers under the special scheme during the pandemic, while just under 2 lakh were being scrutinised for deficiencies.
Part of the Pradhan Mantri Garib Kalyan Yojana, the EPFO rolled out the online application for non-refundable advance on March 29.
A subscriber can apply for withdrawal of 75% of their account balance or three months’ of their salary.
The applications that are fully KYC (know your customer) compliant are being settled automatically within three working days.
The applications that have deficiencies are being checked manually at field offices to prevent over-payment or fraudulent payments.