03-April-2025
Markets and Finance
 
Provident Fund boost for 7.5 crore Indians! Govt to raise auto settlement of PF withdrawal limit to Rs. 5 lakh
01-Apr-2025

To expand the 'Ease of Living' of its 7.5 crore members, Employees Provident Fund Organisation (EPFO) has decided to enhance the auto settlement of advanced claim (ASAC) limit by five times from currently Rs 1 lakh, sources told ANI. According to sources, Sumita Dawra, Secretary, Ministry of Labour and Employment had approved the proposal to enhance the limit from Rs 1 lakh to Rs 5 lakh in the 113th meeting of Executive Committee (EC) of Central Board of Trustees (CBT), held last week.

News Source:- https://economictimes.indiatimes.com/news/economy/finance/provident-fund-boost-for-7-5-crore-indians-govt-to-raise-auto-settlement-of-pf-withdrawal-limit-to-5-lakh/articleshow/119802531.cms