EPFO enhances scope of auto-mode of claim settlement
FinancialExpress | May 14, 2024 1:15 PM CST
In a bid to enhance ease of living for its millions of members, Employees’ Provident Fund Organisation (EPFO) has now introduced auto-mode settlement of advance claims for the purpose of education & marriage and housing, a government release said. Auto mode of claim settlement was introduced in April, 2020 for the purpose of advance for illness. But now this limit has been enhanced to Rs 1,00,000 from Rs 50,000 earlier. “During the current year, around 2.25 crore members (22.5 million) are expected to reap the benefits of this facility,” said the release. In the auto claim Solution, in-c...
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