EPFO new rule: Limit of auto claim settlements under 68J doubled | Know how much a subscriber can withdraw
FinancialExpress | April 18, 2024 4:15 AM CST
The Employees’ Provident Fund Organisation (EPFO) has enhanced the existing eligibility limit of auto claim settlements under Paragraph 68J to Rs 1 lakh from Rs 50,000 erlier, according to a circular issued on Tuesday. EPFO’s Paragraph 68J allows subscribers to apply for an advance for own and dependents’ medical expenses. EPFO members are permitted to seek an advance for medical treatment under specific conditions. In a circular issued on Tuesday, the EPFO said that “the competent authority has approved the limit of auto claim settlements under para 68J from Rs 50,000 to Rs 1,00,0...
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