EPFO eases limit for advance claims

In a major service enhancement, the Employees' Provident Fund Organisation (EPFO) has increased the auto-settlement limit for advance claims from ₹1 lakh to ₹5 lakhs.

Listen to this article

This change is expected to significantly accelerate fund disbursement for members, especially during times of urgent financial need, according to an official release.

The auto-settlement facility was first introduced during the COVID-19 pandemic to enable faster access to funds. Since then, it has been extended to cover claims for medical treatment, education, marriage, and housing. These claims are processed entirely through an automated system, eliminating manual intervention and ensuring quicker and more transparent service.

In FY 2024–25, EPFO processed a record 2.34 crore advance claims through auto-settlement — a 161% increase compared to the previous year. Impressively, 59% of all advance claims were settled via the automated route.

The trend has continued into FY2025–26, with 76.52 lakh claims already settled through automation in the first two and a half months alone — accounting for nearly 70% of all advance claims so far this year. This growth reflects EPFO’s strong commitment to leveraging technology for faster, more efficient service delivery.

With the revised limit of ₹5 lakhs, more members will now qualify for auto-settlement, enabling claim processing within three days of submission. This change is expected to provide timely financial assistance to a wider segment of EPFO’s member base.

This initiative is part of EPFO’s broader digital transformation strategy aimed at improving service quality and minimizing delays. By embracing automation and simplifying processes, EPFO is working to ensure a seamless, efficient experience for its members — while also reducing grievances and enhancing overall ease of living.

 

Latest

HDFC Bank identifies 2 candidates for MD post

The bank has submitted the names of two candidates...

Navin’s forays into plotted development

The announcement was made at the company’s 37th anniversary...

Croma announces special prices for iPhone 17 Pro

Croma, a brand of Infiniti Retail Ltd, is continuing...

Army Design Bureau reviews Garuda’s drone ops

IPO-bound Garuda Aerospace said it used the visit to...

Newsletter

Don't miss

HDFC Bank identifies 2 candidates for MD post

The bank has submitted the names of two candidates...

Navin’s forays into plotted development

The announcement was made at the company’s 37th anniversary...

Croma announces special prices for iPhone 17 Pro

Croma, a brand of Infiniti Retail Ltd, is continuing...

Army Design Bureau reviews Garuda’s drone ops

IPO-bound Garuda Aerospace said it used the visit to...

Milky Mist’s new yoghurt plant goes on stream

In a statement, the company said the new facility...

HDFC Bank identifies 2 candidates for MD post

The bank has submitted the names of two candidates in order of preference and the remuneration proposed to be paid to them, for a...

Navin’s forays into plotted development

The announcement was made at the company’s 37th anniversary celebration, themed ‘Beyond 37 – Past, Present & Future’, in Chennai. The company said the entry...

Croma announces special prices for iPhone 17 Pro

Croma, a brand of Infiniti Retail Ltd, is continuing to sell the iPhone 17 Pro and iPhone 17 Pro Max with special offers, including...