Overview

• From June 24, subscribers can auto-withdraw up to ₹5 lakh for illness, education, marriage and housing without human intervention
• In FY2024-25 the EPFO auto-settled a record 2.34 crore advance claims—a 161% jump from the previous year—with turnaround in under three days
• In the first 2½ months of FY2025-26, 76.52 lakh claims (70% of all advance requests) have been settled automatically
• EPFO aims to clear all pension, insurance and PF withdrawal claims within 72 hours and has removed cheque leaf uploads and employer approval for bank-account seeding
• A pilot project is under way to let members withdraw EPF via UPI and ATM cards once their bank accounts are linked, with technical challenges being addressed