EPF Advance claims now settled in just 3 days?

EPF Advance claims now settled in just 3 days?

Explanation:
                    Recently, you might have seen news in several media outlets, including The Hindu news paper, about a significant update for PF members.

                    The news States that if a PF members sends a claim request under para 68J to withdraw money from their account, the amount will be credited to their bank account within 3 days.

                    To verify this information, we referred to the latest order issued by EPF office. The order highlights increase in the auto claim settlement limit in EPF from ₹50,000 to ₹1,00,000.

                    With this order in mind, we will explore how prominent newspaper’s are reporting that the money will be credited within 3 days.

                   To get a clear understanding, we filed a query under the right Information act 2005 with the PF office.

                    Join us as we review the official response and explain everything you need to know about this new EPF claim settlement rule.

#PfClaim #EpfSettlement #PfAdvance

 Resources Mentioned:
https://www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2024-2025/circular_WSU_16042024.pdf

https://acrobat.adobe.com/id/urn:aaid:sc:AP:2e86924c-7f8f-4f6d-a658-82349911e647

https://www.epfindia.gov.in/site_docs/PDFs/Circulars/Y2024-2025/circular_WSU_16042024.pdf