EPFO Covid 19 Advance: – a sure shot way to improve your liquidity in emergencies; here is a step-by-step guide on how to do it via Umang App
Are you planning to file Employees’ Provident Fund (EPF) Covid 19 advance? You can do it easily through Umang App. All the employees who contribute to their EPF can apply for an advance from their Employees’ Provident Fund Organisation (EPFO) accounts. Any employee who wishes to withdraw the money from his account must have a Universal Account Number (UAN) allotted by the retirement body and must link their Aadhaar, PAN and bank account with their UAN.
In case of emergencies or urgent requirement of money, Covid-19 advance is a sureshot way to improve your liquidity. Employees seeking an advance can also make an online application using their login on the EPFO’s website.
See Zee Business Live TV Streaming Below:
TRENDING NOW
Here is a step-by-step guide to do it:
Step 1- Open Umang App and then Click EPFO.
Step 2- Select ‘Request for Advance (Covid 19).
Enter your UAN or Universal Account Number and then click on to ‘Get OTP’.
Step 4- Submit ÓTP’ and then click on to ‘Login’.
Step 5- After getting logged in successfully, enter bank account number and select ‘Member ID’ from drop down menu. Now click on ‘Proceed to claim’.
Step 6- Now enter ‘Address’ and click ‘Next’.
Step 7 – Choose Form-1 from the dropdown menu and fill amount of advance required and upload bank account cheque image. Cheque details like Name, Bank Account Number and IFSC should be clearly visible. Image should be jpg, pdf with size not exceeding 100 kb.
Check on declaration box and submit OTP after receiving Aadhaar OTP.
Finally Click submit button. Your Covid-19 withdrawal for successfully submitted.
The method to file for your Covid-19 advance through Umang App has been shared by the retirement fund body on its official Twitter handle.
See Tweet Here:
File 'COVID-19 Advance' through UMANG App by following these easy steps.#EPFO #EPF #SocialSecurity #Employees #Services #UMANGhttps://t.co/OILfFrEHwc@PMOIndia @byadavbjp @Rameswar_Teli @LabourMinistry @MIB_India @PIB_India @PIBHindi @mygovindia @wootaum @PTI_News
— EPFO (@socialepfo) January 17, 2022
UMANG provides a single platform for all Indian Citizens to access pan India e-Gov services ranging from Central to Local Government bodies. UMANG or Unified Mobile Application is for new-age Governance and is developed by Ministry of Electronics and Information Technology (MeitY) and National e-Governance Division (NeGD) to drive Mobile Governance in India.
Employees can obtain an advance from their EPF balance up to three months’ salary or wages plus dearness allowance, or 75 per cent of the balance standing in their account, whichever is less. The advance is non-refundable and the employee need not deposit the money withdrawn back into their EPF account.
03:34 pm