In a major remedy for members of the employees' Provident Fund corporation (EPFO), the government on tuesday raised the auto claim agreement restriction of provident funds (PF) from Rs 1 lakh to Rs five lakh.
This may allow EPFO members to have quicker get admission to to finances, especially in times of pressing need. Consistent with the facts shared, boost claims filed by way of the contributors gets settled in automobile mode within three days of filing.
"EPFO complements auto-agreement restrict for advance Claims from Rs 1 Lakh to Rs five Lakh, with fast-tune disbursal now within seventy two hours," said minister of Labour and Employment Mansukh Mandaviya in a post on X. The facts shared by way of him says that 2.32 crore automobile-claims had been settled in the FY 2024-25 vs 89.fifty two lakh in FY 2023-24.
EPFO had first delivered vehicle-agreement of enhance claims all through the COVID-19 pandemic to provide short economic help to contributors.
In the meantime, the retirement fund frame EPFO added 19.14 lakh contributors on a internet foundation in april 2025. This determine depicts a full-size increase of 31.31 in step with cent over march 2025 and a 1.17 per cent increase over april 2024.
The employees' Provident Fund company (EPFO) enrolled around eight.49 lakh new subscribers in april 2025, representing a 12.49 consistent with cent growth over march 2025.
This boom in new subscribers may be attributed to developing employment possibilities, improved focus of worker advantages, and EPFO's a success outreach programmes, it stated.
According to the statistics, a major aspect is the dominance of the 18-25 age organization. EPFO delivered four.89 lakh new subscribers inside the 18-25 age institution, constituting a huge fifty seven.sixty seven according to cent of the total new subscribers brought in april 2025.
New subscribers inside the 18-25 age group introduced in the month display an boom of 10.05 according to cent compared to the preceding month of march 2025.
The net payroll addition for the age organization 18-25 for april 2025 is approximately 7.fifty eight lakh reflecting an boom of 13.60 consistent with cent from the previous month in march 2025.
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