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There is good news for millions of members of the Employees' Provident Fund Organization (EPFO). The Central Board of Trustees meeting was conducted on 30 November 2024 where modification to the regulations to simplify the settlement procedure was established. As per the updated guidelines of EPFO, EPF members will now receive interest until their claim is settled, providing them with greater financial advantages and expediting the claims process. However, it hasn’t been made official since when these new changes will be applicable. The EPFO stated, “The CBT approved significant amendment in paragraph 60(2)(b) of the EPF Scheme, 1952. Under the earlier rules, if the claim was settled by the 24th of the month, interest was payable only till the end of the previous month. Now, members will get the benefit of interest till the date of claim settlement, which will give them greater financial benefit and also speed up the settlement process.”In addition to these changes, discussions included diversifying investments into Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs), as well as improving claim settlements, which encompass a broadened auto-claim settlement option. The board has additionally sanctioned a Redemption Policy for ETFs to enhance returns. These actions seek to optimize processes, boost financial gains, and increase member contentment.