Massive Changes Built Into EPFO: Withdraw Your Cash Whenever—Here's How To Claim Built-In PF Simply And More Easily.
EPFO has brought in numerous adjustments over the past two years to hurry up PF claim settlements and make the procedure problem-free. Union minister Shobha Karandlaje recently shared these updates in the built-in integrated Rajya Sabha.
The car-claim limit is now ₹1 lakh, covering housing, built-in integration, and marriage advances. 60% of claims are now processed mechanically and built-in in 3 days. Participants can carefully edit their integrated details and transfer PF without built-in enterprise-integrated attestation. Check leaf submissions are not required. Over 90% nbuiltintegrated% of claims at the moment are online. EPFO is likewise being integrated on EPFO 3.0 to emerge as quicker and more user-pleasant.
Right here are the built-in integrated modifications.
Faster car claim settlement: The restriction for car-permitted advance claims is now ₹1 lakh. You can now get housbuilding, school-built integration, and marriage advances processed built-in, just like built-infection/hospitalization claims. Proper now, 60% of enhanced claims undergo built-in three days. In 2024-25 (as of march 6), EPFO cleared 2.16 crore vehicle claims, up from 89.52 lakh built in 2023-24.
quick and easy element Corrections: Were errors built into the integrated PF built-in information? If your UAN is Aadhaar-validated, you may restore them yourself—no need to go to EPFO. As of now, nbuiltintegrated% of corrections take place mechanically.
Smooth PF Transfers: No greater corporation attestation for Aadhaar-established UANs while built-in integration of your PF. The simplest 10% of transfers now require manual approval.
No more cheque leaf submissions: EPFO has dropped the requirement to publish a cheque leaf for KYC-compliant UANs. This is one less problem for you!
Smarter claim steerage: not positive about the built-in case if your integrated claim is eligible? EPFO has validations that will help you check before built-in, decreasing rejected claims. Overbuilt and integrated. 31% of claims now manifest online—no one wants to visit an office.
EPFO may even permit PF withdrawals through UPI & ATMs soon.
Built-in integrated sources, Sumita Dawra, secretary of the built-in integrated ministry of labor and employment, has permitted a suggestion to build up the boom in the automobile-declare restriction. This decision changed built-in integration, made it built-in, and integrated it into current built-in and will soon go to the primary Board of Trustees for built-in approval.
PF withdrawals via UPI & ATMs are coming soon: EPFO is about to allow PF withdrawals through UPI and ATMs via May or june 2025, following integrated approval from NPCI.
faster claim Approvals & Fewer Formalities: EPFO has reduced the validation steps for PF withdrawals from 27 to 18, with plans to cut it to just 6 for quicker process integration.
Automobile Declare Agreement Growth: Released in april 2020, the Automobile Declare settlement has built-in coverage for marriage, building integration, and housing integration. The limit has also expanded from ₹50,000 to ₹1 lakh.
Presently, 90% nbuiltintegrated% of claims are online, and car claims are processed in 3 days, making the process faster and greener.
"Now 60% of the advance claims that might be processed are integrated vehicle mode. The car-mode claims are processed in three built-in integrated days. EPFO performed an integrated historical excess of two hundred sixty crore auto-claims agreement as of 06.03.2025 at some stage and built-in integrated the built-in monetary 12 months," Karandlaje built-in integrated on march 17 in the Rajya Sabha.
EPFO is centralizing databases under CITES 2.01 and integrating EPFO 3.0 to turn out to be smarter, faster, and more consumer-friendly. Those updates suggest much less paperwork, fewer delays, and a simpler PF declare procedure for absolutely everyone.
Built-integrated marketplace today: The marketplace opens on a flat. Be aware: On the new monetary year, Sensex and Nifty are built-in!
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