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EPFO to increase auto settlement limit to 5 lakhs for PF claims and allow UPI withdrawals

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EPFO to increase auto settlement limit to 5 lakhs for PF claims and allow UPI withdrawals

The Employees Provident Fund Organisation (EPFO) has announced to increase in the auto-settlement of advance claims (ASAC) limit, raising it five times from Rs 1 lakh to Rs 5 lakh. The move is designed to enhance the ‘ease of living’ for its 7.5 crore members, sources told news agency ANI.
According to sources, Sumita Dawra, Secretary of the Ministry of Labour and Employment, approved the proposal during the 113th meeting of the Executive Committee (EC) of the Central Board of Trustees (CBT) in Srinagar, Jammu and Kashmir, on March 28.
“This revision will enhance the ease of living for crores of our members,” Dawra said in a statement. Following this approval, the recommendation will be forwarded for final approval by the CBT. Once approved, EPFO members will be able to withdraw up to Rs 5 lakh through the auto-settlement process.
Auto settlement claims
EPFO’s auto-settlement process has seen tremendous growth, processing a record 2.16 crore auto-claims as of March 6, 2025, compared to just 89.52 lakh claims in the previous year. This reflects the increasing efficiency of the system, with 95% of claims now being settled automatically within three days.
“The auto-settlement process has greatly simplified claim settlements, significantly reducing the time and human intervention required,” said Ramesh Krishnamurthi, Central Provident Fund Commissioner. “We are committed to making the process more efficient, and with the increasing number of automated claims, our goal is to make accessing PF funds easier for all members.”
Additionally, EPFO has expanded the categories for which advance claims can be settled automatically, now covering illness, education, marriage, housing, and more. The system’s improvements have also led to a reduction in the rejection rate of claims, from 50% last year to just 30% this year.
UPI withdrawals for PF members
In another game-changing development, EPFO will soon allow Provident Fund (PF) withdrawals through Unified Payments Interface (UPI) and ATMs. The Ministry of Labour and Employment has given approval for the plan, and members will be able to access their funds through UPI and ATMs by the end of May or June 2025.
“This new system will make it even more convenient for members to access their PF savings instantly through UPI and ATMs,” Dawra said. “It is a groundbreaking move that will set a precedent for other government savings schemes, like the General Provident Fund (GPF) for government employees and the Public Provident Fund (PPF) for bank customers.”





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