Now PF Advance up to Rs 5 Lakh Within 72 Hours


Now PF Advance up to Rs 5 Lakh Within 72 Hours

Currently, the limit through auto-settlement mode having three-day deadline is Rs 1 lakh

 
Show cause notice to PF department

June 25, 2025 - EPFO (Employees' Provident Fund Organisation) has increased PF advance limit to Rs 5 lakh. Union Labour Minister Mansukh Mandaviya announced this on June 24, sharing that the limit for auto-settlement of claims for advance withdrawal from EPF accounts has been raised from Rs 1 lakh to Rs 5 lakh. Mandaviya informed that EPFO members will now be able to receive the advance  within just three days.

"The EPFO has increased auto-settlement limit for advance claims from Rs 1 lakh to Rs 5 lakh to facilitate faster fund access for EPFO members, especially in times of urgent needs," said Mandaviya, adding that this is likely to benefit lakhs of members.

Currently, the limit through auto-settlement mode having three-day deadline is Rs 1 lakh.

In the financial year 2024-25, EPFO has settled a record 2.34 crore advance claims through auto mode. This is 161% more compared to the previous year. Moreover, in just the first two and a half months of the financial year 2025-26, 76.52 lakh advance claims have already been settled through auto mode.

The Minister said that 59 per cent of all advance claims in 2024-25 were settled through auto mode as compared to 31 per cent in 2023-24.

To join us on Facebook Click Here and Subscribe to UdaipurTimes Broadcast channels on   GoogleNews |  Telegram |  Signal

Tags