Under the schemes being run recently for PF employees, EPFO is also providing new facilities to its PF employees. A few days ago, a big change was made in which the withdrawal limit was read automatically, which will be of great benefit to all employees and PF members. We will tell you in detail about the recent update that has come out regarding auto claims, which is very important for you.
You must be knowing about auto claim, if you don’t know then let me tell you that its limit can easily be withdrawn upto 5 lakh rupees, earlier the limit was upto one lakh rupees but now a change has been made in which you can easily withdraw money upto 5 lakhs, EPFO has recently made a big announcement about this change, apart from this, you can easily claim your PF amount without mutual verification, that is, you can claim it which has become very easy, if we go by the past records, then this time the change that has been made will benefit all the employees and pensioners.
What is the new limit for auto claims?
EPFO members can now easily withdraw up to ₹500000. Earlier, for withdrawals of more than ₹100000, EPFO officials had deemed manual verification necessary, therefore, verification is extremely important. Apart from this, the limit of auto claim has been increased to 5 lakhs and this decision has been taken recently. Such information is being received through sources and media. You can easily claim PF amount. You can do this process after manual verification.
You can also withdraw PF money
EPFO is soon going to provide a new facility to all its employees through which you can easily withdraw your PF money through UPI and ATM. As you know, a new version of EPFO has also been launched which will provide you with better facilities. The government is planning to launch a new facility to easily withdraw your PF amount from an ATM. Through UPI, employees will be able to check their PF balance and can also avail the facility of transferring it to their bank account.