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EquityWireEPFO raises advance claims auto-settlement limit; disbursal within 72 hours

EPFO raises advance claims auto-settlement limit; disbursal within 72 hours

This story was originally published at 17:08 IST on 24 June 2025
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Informist, Tuesday, Jun. 24, 2025

 

NEW DELHI - The Employees' Provident Fund Organisation has raised the limit for auto-settlement of advance claims to INR 500,000, Labour Minister Mansukh Mandaviya said Tuesday. Previously, the limit was INR 100,000.

 

Additionally, disbursal of claims has been fast-tracked to within 72 hours, Mandaviya said in a post on social media platform X. Advance claims filed by EPFO members will now be settled in auto mode within three days of filing. In 2024-25 (Apr-Mar), 23.2 million auto-claims were settled, compared to 9.0 million in the previous year.  End

 

Reported by Shubham Rana

Edited by Subhojit Sarkar

 

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