People have started withdrawing the amount of PF deposited by earning by sweating blood and saving for their old age. During the Corona period, three and a half crore people withdrew 1.25 lakh crore rupees from their account. These figures are as of April 2020. A total of 6 crore people in the country are getting the benefit of EPF.
This data is not yet available for the fiscal year 2020. Every year people withdraw about 10% of the PF amount. Because many people keep changing jobs and some people even retire, an official said that this figure is more than all the previous years. Due to Corona, people were given the facility to withdraw money. At the same time, due to the need of money due to people losing their jobs, they thought it appropriate to withdraw the amount deposited in their PF.