EPFO Approves Proposal to Raise Auto Settlement Limit for Advanced Claims to ₹5 Lakh

Current Context: During the 113th Executive Committee meeting of the Employees Provident Fund Organisation (EPFO) on March 28, 2025, in Srinagar.

• Chairperson: The meeting was chaired by Sumita Dawra, Secretary, Ministry of Labour and Employment.
• Participants: It included Ramesh Krishnamurthi, Central Provident Fund Commissioner, officials from EPFO, the Ministry of Labour and Employment, and representatives of employers and employees.
• Proposal Approved: The auto-settlement limit for advanced claims was increased from ₹1 lakh to ₹5 lakh. This change ensures faster claim processing for emergencies like medical treatment, education, marriage, and housing without requiring additional approvals.
• Ease of Access: EPFO introduced UPI withdrawal integration, allowing members quick and seamless access to their funds.
• Aim: The initiative focuses on improving convenience and ensuring better services for 7.5 crore EPF members, aligning with modern digital infrastructure.

Question:

Q.1 The auto-settlement limit for advanced claims approved during the 113th EPFO Executive Committee meeting was increased to:
a) ₹1 lakh
b) ₹2 lakh
c) ₹5 lakh
d) ₹10 lakh

Answer: c) The auto-settlement limit for advanced claims was increased from ₹1 lakh to ₹5 lakh.