Step By Step Process To Apply For EPFO Auto-Settlement Of Rs 5 Lakh As Limit For Advance Claims Raised

EPFO has increased the auto-settlement limit for advance claims from existing Rs 1 lakh to Rs 5 lakh, with an aim to help lakhs of EPFO members receive funds faster, especially in times of urgent need.

With the elevated limit of Rs 5 lakhs, additional advance claims will now qualify for auto-settlement, leading to their processing within three days of submission. This enhanced limit and faster access to funds will help members get timely financial support when they need it the most, EPFO has said.

EPFO had first introduced auto-settlement of advance claims during the COVID-19 pandemic to provide quick financial assistance to members. Since then the facility has been extended to cover advance claims for illness, education, marriage, and housing purposes. These claims are processed automatically by the system without any human involvement, ensuring quick turnaround and transparency.

Member should fulfil following conditions for online claim settlement as per EPFO:

a. The member should have activated his/her Universal Account Number and the mobile number used for activating UAN should be in the working condition.

b. Member’s AADHAAR details should be seeded in EPFO database and he should avail OTP based facility for verifying eKYC from UIDAI while submitting the claim.

c. Member’s Bank Account along with IFSC code should be seeded in EPFO database.

d. Permanent Account Number (PAN) should be seeded in EPFO database for PF Final Settlement Claims in case his/her service is less than 5 years.

EPFO does not allow for this facility. Member can get the payment only into the Bank Account registered with EPFO and being shown to him under his UAN member interface. 

If the shown Bank Account is closed or if the member wants to use some other Bank Account, member should not prefer the online claim and first get the Bank Account changed through his current employer.

a. Login to the member interface using UAN credentials.  b. Satisfy oneself that KYC and service eligibility conditions as mentioned against his UAN are correct and complete.  c. Select the relevant claim.  d. Authenticate using OTP received against the mobile registered with UIDAI to complete the online claim submission.