Good News For EPFO Members! Auto-Settlement Limit Hiked To Rs 5 Lakh For Medical, Home And Education Emergencies
EPFO Auto-Settlement Limit: Good News For Government Employees! the Employees' Provident Fund Organization (EPFO) has raised the limit for auto-settlement of advance claims from Rs 1 lakh to Rs 5 lakh. This move is designed to facilitate quicker financial access for EPFO members, particularly in urgent situations such as medical or education emergencies, quicker fund access, home renovations and more, according to the Minister of Labour and Employment Mansukh Mandaviya.
EPFO first introduced auto-settlement of advance claims during the COVID-19 pandemic to provide quick financial assistance to its members. 'The limit for auto settlement of the EPFO claims has been increased to Rs 5 lakh. Such claims will get cleared within three days like the process for auto claims at present,' Mandaviya said.
In a post on X social media platform, the minister said this is another "people-centric move" under the Prime Minister Narendra Modi government. 'EPFO enhances Auto-Settlement Limit for Advance Claims from Rs 1 Lakh to Rs 5 lakh, with fast-track disbursal now within 72 hours,' Mandaviya noted.
Auto-Settlement Limit For Advance Claims
In March this year, the Central Board of Trustees' Executive Committee (EC) had approved the proposal to enhance the ASAC limit to Rs 5 lakh. With an increase in the auto-settlement limit, the members can automatically withdraw up to Rs 5 lakh instantly. In May 2024, the ASAC limit was increased to Rs 1 lakh from Rs 50,000.
According to the minister, in the first two-and-a-half months of the ongoing financial year 2025-26, EPFO has auto-settled 76.52 lakh claims, constituting 70% of all the advance claims settled so far.
EPFO Members Enrolled In April
EPFO added as many as 19.14 lakh net members during April this year. This figure depicts a significant increase of 31.31% over March. A noticeable aspect of the data is the dominance of the young 18-25 age group who are in their first jobs. The EPFO added 4.89 lakh new subscribers in the 18-25 age group, constituting a significant 57.67% of the total new subscribers added in April this year.
New subscribers in the 18-25 age group added in the month show an increase of 10.05% compared to the previous month of March 2025. Around 2.45 lakhs new female subscribers joined the EPFO in April, which represents a 17.63% increase compared to the previous month, the official statement said. (With IANS Inputs)
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