How to use EPFO Auto Mode Settlement facility: Employees’ Provident Fund Organization or Employees’ Provident Fund Organization (EPFO) has announced the launch of auto-mode settlement system for advance claims related to medical, education, marriage and housing. For all these purposes, advances up to Rs 1 lakh will now be processed faster in auto mode. This automated system will process the claims without any human intervention, due to which the entire work will be done much faster. The system of advance settlement in auto mode for the treatment of disease is in force since April 2020, but the limit of advance has now been increased from Rs 50 thousand to Rs 1 lakh.
In this regard, a statement issued by the Ministry of Labor and Employment said, “In order to further ease of living, Auto Claim Solution will now be included in all the claims made under Para 68K (Education and Marriage) and Para 68B (Housing). Has been implemented for claims. Along with this, its limit has also been increased from Rs 50 thousand to Rs 1 lakh. This move is expected to benefit lakhs of EPFO members.”
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from auto mode settlementyou will get it like thisadvance
Processing of advance claim by EPFO (Employees Provident Fund Organisation) generally takes some time depending on the eligibility of the EPF member, documents submitted for claim processing, KYC status of EPF account, valid bank account details etc. Investigation is done. But with auto processing, EPF claim settlement will be faster.
- In auto-settlement, the entire process is operated through IT system, in which there is no need for human intervention.
- In auto mode, the payment made under the claim is processed with the help of IT tools.
- To avail this facility, it is necessary to complete your KYC, eligibility and bank verification.
- All the documents required under the rules of the section under which you want to take advance should also be submitted online.
- If all these conditions are fulfilled then the claim settlement for advance claim in auto mode will be in 3-4 days instead of 10 days.
- To claim advance from EPF under auto mode, any member can submit online application through e-Sewa portal.
- To claim advance from EPF, the member is required to fill Form 31 online and submit it.
- Advance claims up to Rs 1 lakh related to medical, education, marriage and housing will be processed in auto mode.
- Claims which are not validated by the system are also not returned or rejected. Rather, they are put forward for second level investigation and approval.
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Crores of members will benefit from the new initiative
EPFO says that since its implementation across India on May 6, 2024, more than 13 thousand claims have been approved through claim settlement in auto mode and claims worth Rs 45.95 crore have been settled expeditiously. According to EPFO, during the financial year 2023-24, it has settled about 4.45 crore claims, of which more than 60 percent (2.84 crore) claims were advance claims. Of the total advance claims settled during this period, about 89.52 lakh claims were settled through auto-mode. EPFO hopes that after the latest decision to extend the auto mode facility, now around 2.25 crore members will be able to avail its benefits during the current year.
