🚨 EPFO Auto-Settlement Limit Hiked to ₹5 Lakh – Big Relief for Members!
✨ 1. Why This Is Big News
Union Labour Minister Mansukh Mandaviya has announced a major update – EPFO’s auto-settlement limit for PF advance claims has increased from ₹1 lakh to ₹5 lakh. This means faster, paperless settlements for urgent needs like illness, education, housing, and marriage.
✅ 2. Who’s Covered & Why It Matters
- All active EPFO members can benefit from this change
- Claims up to ₹5 lakh will be auto-processed without manual verification
- Settlement is done within 72 hours
📊 3. EPFO’s Digital Push – A Timeline
During COVID-19: ₹50,000 auto-limit introduced
May 2024: Raised to ₹1 lakh
Now: Further raised to ₹5 lakh in June 2025
In FY 24–25, over 2.34 crore claims were auto-settled — a 161% jump from the previous year!
💡 4. What This Means for You
- ⏱️ Fast access to funds in emergencies
- 📱 Fully digital and convenient claim process
- ✅ No physical office visits required
- 🔐 Safer and more transparent system
📝 5. How to Use This Facility
- Update your KYC in the EPFO portal (Aadhaar, PAN, Bank details)
- Ensure your UAN is activated
- Apply for advance through the EPFO Member Portal
- Claim will be auto-settled within 72 hours if within ₹5 lakh
🔮 6. The Bigger Vision
This move signals a strong step towards a tech-driven, transparent and user-friendly EPFO system. The goal is simple – zero delay, zero hassle.
💬 Have questions on how to claim or check your KYC? Drop a comment below – we’re here to help!
"This Content Sponsored by Buymote Shopping app
BuyMote E-Shopping Application is One of the Online Shopping App
Now Available on Play Store & App Store (Buymote E-Shopping)
Click Below Link and Install Application: https://buymote.shop/links/0f5993744a9213079a6b53e8
Sponsor Content: #buymote #buymoteeshopping #buymoteonline #buymoteshopping #buymoteapplication"
Post a Comment