EPFO to increase auto settlement limit to 5 lakhs for PF claims
The Employees Provident Fund Organisation (EPFO) has raised the auto-settlement of advance claims limit to Rs 5 lakh from Rs 1 lakh, enhancing ease of living for 7.5 crore members. The move, approved during the 113th CBT meeting, will streamline claim settlements. Additionally, EPFO will enable UPI and ATM withdrawals for Provident Fund access by June 2025.