The Employees&rsquo; Provident Fund Organisation (EPFO) achieved a historic high of 2.16 crore auto claim settlements during the current financial year (up to March 6), up from 89.52 lakh in FY2023&ndash;24, the Parliament was informed on Monday.&nbsp;
Over 99.31% claims are now received in online mode, without any requirement to visit the field office, said Union Minister of State for Labour and Employment, Shobha Karandlaje, in a written reply in the Lok Sabha. &nbsp;
In FY 2024&ndash;25 (as on March 6), 7.14 crore claims have been filed in the online mode.&nbsp;
For auto mode processing of advance claims, the amount limit has been enhanced to ₹1 lakh.
Further, in addition to illness/hospitalisation advances, the advances for housing, education and marriage are also enabled for auto mode processing. Now, 60% of advance claims are processed are in auto mode.
The auto-mode claims are processed within three days, according to the EPFO.
&ldquo;Member details correction process has been simplified, and members having Aadhaar-verified UANs can make corrections in their IDs themselves, without any EPFO interventions. At present, about 96% corrections are being done without any EPF office intervention,&rdquo; according to the minister.&nbsp;
It further stated that in Transfer claim submission requests, the need for employer&rsquo;s attestation of Aadhaar-verified UANs has been done away with. Now, only 10% transfer claims require member and employer&rsquo;s attestation.
The requirement for submitting a cheque-leaf with the claim form has also been relaxed for KYC-compliant UANs meeting prescribed criteria.
EPFO has also provided de-linking facilities to the members, whose EPF accounts have been erroneously/fraudulently linked by the establishments.&nbsp;
&ldquo;Since its launch on 18.01.2025, more than 55,000 members have de-linked their accounts till the end of February, 2025,&rdquo; Karandlaje informed.
The claim settlement process is being further simplified with Centralisation of member databases under Centralized IT Enabled System (CITES 2.01).&nbsp;
Meanwhile, the EPFO is set to introduce a new system called 'EPFO 3.0', which will allow subscribers to withdraw their provident fund (PF) directly from ATMs.&nbsp;
The the new system will offer banking-like convenience along with several digital features to make transactions easier.
&mdash;IANS

7.14 crore claims have been filed in the online mode (File Photo)

Over 99.31% of the claims are recorded online without field visit says Shobha Karandlaje

EPFO Sets Record with 2.16 Crore Auto Claim Settlements

Over 99.31% of the claims are recorded online without field visit says Shobha Karandlaje

March 17, 2025 | 16:06 IST