Coronavirus Relief Package: Government Allows PF Withdrawals As Emergency Measure

Bloomberg Quint | Mar 26, 2020 at 5:03 PM
  • The Indian government will make amendments to the Employees’ Provident Funds & Miscellaneous Provisions Act to allow members to withdraw up to 75 percent of their balance in the fund or three months’ wages, whichever is lower, as an emergency measure to tide over any difficulties arising from the coronavirus pandemic.
  • To counter the rise in uncertainty, financial planners have been advising to keep a contingency fund that will cover at least three months’ expenses.