EPFO Raises Auto-Settlement Claim Limit to ₹5 Lakh, UPI Withdrawals Coming Soon
The Employees Provident Fund Organisation (EPFO) has taken a bold leap toward digital transformation and member convenience by significantly increasing the EPFO auto-settlement limit from ₹1 lakh to ₹5 lakh. This strategic decision, aimed at streamlining withdrawals and minimizing processing time, aligns with the Centre’s broader objective of ensuring ease of living for the common citizen.Endorsed during the 113th meeting of the Executive Committee (EC) of the Central Board of Trustees (CBT) held on March 28, 2025, in Srinagar, Jammu and Kashmir, this landmark proposal is expected to benefit over 7.5 crore active EPFO members.Why the Increase Matters: A Leap Towards EmpowermentWith the new ₹5 lakh ceiling for Advance Settlement Auto Claims (ASAC), members will now be able to ac...