EPFO: Relief news for EPFO ​​users, from this day claims up to Rs 5 lakh will be auto settled..

Retirement fund body EPFO ​​has settled about 50 percent of the claims within three days of filing the claim so far in the current financial year. A senior official gave this information on Thursday. Referring to the data till June 5, this official said that the Employees Provident Fund Organization (EPFO) has settled a total of 68.96 lakh claims within three days between April 1, 2025, and June 5, 2025.

Claims up to Rs 5 lakh will be auto-settled

In the financial year 2024-25, it was about 39 percent i.e. 2.34 crores. The official said that the proportion of claims settled within three days is expected to increase rapidly as the EPFO ​​will soon increase the limit of automatic claim settlement from the current Rs 1 lakh to Rs 5 lakh.

The official also said that the approval of the Central Board of Trustees (CBT), the apex body of EPFO, is not required to increase this limit. He said that this work can be done only by the executive head of EPFO ​​i.e. Central Provident Fund Commissioner. The Central Board of Trustees consists of employers and trade union representatives while it is headed by the Union Minister of Labor and Employment.

Currently, claims of Rs 1 lakh are auto-settled

Currently, all eligible withdrawal claims up to Rs 1 lakh are settled automatically, provided all the necessary conditions are met. EPFO ​​advance claims up to Rs 1 lakh for illness, education, housing and marriage were settled in just three days. The ultimate goal of EPFO ​​is to settle all types of claims like pension, group insurance and EPF withdrawal within 72 hours of filing.

The official said that the body is working on ways to deal with old data which delays the claim settlement process. EPFO ​​has more than seven crore contributing members.

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