Infosys, HCL, TCS employees availing EPF advances the most
Over 33,000 employees at TCS, availed themselves of COVID-19 advances totalling Rs 1.5 crore during the said period, data shared by the Employees' Provident Fund Organisation (EPFO) showed
- Sep 7, 2020,
- Updated Sep 7, 2020 11:31 PM IST
The employees working with major IT companies have availed the maximum Employees' provident fund (EPF) advances under COVID-19 window.
The workforce of the likes of Tata Consultancy Services (TCS), HCL Technologies, and Infosys utlilised most of their EPF accumulations in the April-July period.
Over 33,000 employees at TCS, availed COVID-19 advances totalling Rs 1.5 crore during the said period, data shared by the Employees' Provident Fund Organisation (EPFO) showed.
A handful of exempt establishments manage the PF accounts of their employees while remaining are under the administrative control of the EPFO. Although they keep the PF money with themselves, these companies tractor the pension portion to the EPFO.
An approximate Rs 50,000 crore corpus is managed by around 1,550 establishments belonging to public, private, and co-operative sectors.
All in all, a total of 3,04,681 EPFO members from approximately 685 exempt establishments have availed the EPF facility to pull out Rs 3,128 crore from their accumulations in April-July.
The employees working with major IT companies have availed the maximum Employees' provident fund (EPF) advances under COVID-19 window.
The workforce of the likes of Tata Consultancy Services (TCS), HCL Technologies, and Infosys utlilised most of their EPF accumulations in the April-July period.
Over 33,000 employees at TCS, availed COVID-19 advances totalling Rs 1.5 crore during the said period, data shared by the Employees' Provident Fund Organisation (EPFO) showed.
A handful of exempt establishments manage the PF accounts of their employees while remaining are under the administrative control of the EPFO. Although they keep the PF money with themselves, these companies tractor the pension portion to the EPFO.
An approximate Rs 50,000 crore corpus is managed by around 1,550 establishments belonging to public, private, and co-operative sectors.
All in all, a total of 3,04,681 EPFO members from approximately 685 exempt establishments have availed the EPF facility to pull out Rs 3,128 crore from their accumulations in April-July.