Latest news with #Employees'ProvidentFundOrganization
India.com
19 hours ago
- Business
- India.com
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)
Hans India
24-05-2025
- Health
- Hans India
Community Health Officers stage unique protest
Ongole: The Community Health Officers working in Ayushman Arogya Mandirs have entered the 25th day of their indefinite strike at the Collectorate here on Friday, marking their protest with an innovative approach that combines traditional demonstrations with yoga sessions. The Community Health Officers from Prakasam district organised a massive rally and conducted a unique human chain formation using yoga postures at the Church Centre. In a symbolic gesture supporting the state government's prestigious 'Yoga Andhra' programme, the protesters performed yoga asanas while demanding resolution of their concerns. The striking health workers are demanding that the government and officials address several key issues. They are calling for the cancellation of the 8 PM Field Reporting System (FRS) and requesting enhanced security measures for women Community Health Officers. The protesters emphasised that those who have served for six years should be regularised in their positions. The health officers are also seeking job security through the restoration of the Employees' Provident Fund Organization (EPFO) benefits. Additionally, they are demanding salary hikes to cope with rising prices of essential commodities and the current cost of living.
