GOOD NEWS: PF -Extraction limit will increase from 1 lakh to 5 lakh rupes

Good news for 7.5 crore employees, up to five lakhs, can last five lakh updated without paper account: 01 April 2025, 07:06 IST EPFO ​​increased the PF withdrawal auto -decay limit of £ 1 to £ 5 lakh. Claim settlement will now be 3-4 days. There will also be a car frame to buy marriage, education and home. This facility begins as soon as the approval of the Central Board or Trustees (CBT) of the employee provision fund organization. Highlights EPFO ​​increased the PF -Outo settlement limit from £ 1 lakh to £ 5 lakh. Claim settlement will now be 3-4 days. There will also be a car frame to buy marriage, education and home. New -delhi. There is a good news for 7.5 Crore members of the Employee Provider Organization (EPFO). EPFO Provident Fund (PF) will increase the auto -settling limit of RS 1 Lakh withdrawal limit to £ 5 lakh. Claim settlement will also be over 3-4 days now instead of 10 days. At the same time, PF Auto-Clisaim is also available to buy marriages, education and home. Earlier, Auto-Calm was only available for disease and hospital expenses. According to a report from the news agency Ani, the decision was made at the 113rd meeting of the Central Council of Trustee (CBT) chaired by Sumita Davra, Secretary, Ministry of Labor and Employment. The meeting was held in Srinagar on March 28. This facility begins as soon as the approval of the Central Board or Trustees (CBT) of the employee provision fund organization. After which employees can easily remove their PF. Last week, Sumita Davra, secretary of labor and employment, said that the ministry had approved NPCI’s recommendation and members could remove members by UPI and ATMs by the end of May or June this year. Center that increases the limit for the auto settlement of PF withdrawal from Rs 1 Lakh to Rs 5 Lakh read @aani Story | https://t.co/md05bmi5hv#epfo #ProvidentFund #india pic.twitter.com/kmbtnhg69l-ani Digital (@ani_digital) March 31, 2025, and employees get PF money immediately. The paperwork will be less. Earlier there were 27 phases to remove PF claim, now only 18 and soon there will only be six phases left. The Employee Provision Organization (EPFO) of UPI and ATM will make a major change by the end of May or the beginning of June 2025. With this new change, EPFO ​​members will be able to remove their provident fund (PF) immediately by UPI and ATM. Sumita Davra, secretary, the Ministry of Labor and Employment, gave this information a few days ago. He informed that members could see their PF balance directly on the UPI platform and transfer money to their favorite bank accounts without delay. This will make the employees easier to reach their money at the time of distress. Location: New -delhi, New -delhi, Delhi First published: 01 April 2025, 07:06 IST Homebusiness Good News: PF withdrawal limit will increase from 1 lakh to Rs 5 lakh