Utility News: PM account holders can now withdraw one lakh rupees in this situation
Employees' PF accounts are opened by the Employees' Provident Fund Organization. Under this, various types of facilities are provided to the employees. Under this, employees can get good interest from the PF account at the time of retirement. Employees are also given the option of investing in a pension scheme from the Employees' Provident Fund Organization.
Now the rules have been changed by the Employees' Provident Fund Organization. Under this, now the PF account holder has been given the facility to withdraw one lakh rupees from his account. However, PF account holders can get this amount only under Medical Advance Claim. Account-holders can get this amount without any paperwork.
This facility is being provided by the Employees' Provident Fund Organization to the patients admitted to the hospital due to serious illness due to medical reasons. However, for this, the account holder has to go through certain conditions. The person must be admitted to a government hospital / CGHS panel hospital, whereas in the case of a private hospital, the first investigation will be done. The money can be deposited into the account holder's account or the bank account of the hospital.