Good Information For EPFO Members: Auto-settlement restrict for advance claims raised to Rs 5 lakh – Examine particulars
In the meantime, the retirement fund physique EPFO added 19.14 lakh members on a internet foundation in April 2025. This determine depicts a major enhance of 31.31 per cent over March 2025 and a 1.17 per cent progress over April 2024.
In a significant aid for members of the Workers’ Provident Fund Organisation (EPFO), the federal government on Tuesday raised the auto declare settlement restrict of provident funds (PF) from Rs 1 lakh to Rs 5 lakh. It will allow EPFO members to have quicker entry to funds, particularly in occasions of pressing want. In keeping with the knowledge shared, advance claims filed by the members will get settled in auto mode inside three days of submitting.
“EPFO enhances Auto-Settlement Restrict for Advance Claims from Rs 1 Lakh to Rs 5 Lakh, with fast-track disbursal now inside 72 hours,” mentioned Minister of Labour and Employment Mansukh Mandaviya in a submit on X. The info shared by him says that 2.32 crore auto-claims have been settled within the FY 2024-25 vs 89.52 lakh in FY 2023-24.
EPFO had first launched auto-settlement of advance claims in the course of the COVID-19 pandemic to supply fast monetary help to members.
In the meantime, the retirement fund physique EPFO added 19.14 lakh members on a internet foundation in April 2025. This determine depicts a major enhance of 31.31 per cent over March 2025 and a 1.17 per cent progress over April 2024.
The Workers’ Provident Fund Organisation (EPFO) enrolled round 8.49 lakh new subscribers in April 2025, representing a 12.49 per cent enhance over March 2025.
This enhance in new subscribers might be attributed to rising employment alternatives, elevated consciousness of worker advantages, and EPFO’s profitable outreach programmes, it said.
In keeping with the info, a noticeable facet is the dominance of the 18-25 age group. EPFO added 4.89 lakh new subscribers within the 18-25 age group, constituting a major 57.67 per cent of the overall new subscribers added in April 2025.
New subscribers within the 18-25 age group added within the month present a rise of 10.05 per cent in comparison with the earlier month of March 2025.
The online payroll addition for the age group 18-25 for April 2025 is roughly 7.58 lakh reflecting a rise of 13.60 per cent from the earlier month in March 2025.
