EPFO Claim Settlements: EPFO (Employees Provident Fund Organisation) has created history in the matter of Provident Fund claim settlement. In the financial year 2024-25, the Employees Provident Fund Organization has settled more than 5 crore claims which is a record. Labor and Employment Minister Mansukh Mandaviya has given this information.
Union Minister Mansukh Mandaviya said that the Employee Provident Fund Organization (EPFO) has achieved a historic milestone by settling more than 5 crore claims for the first time. In the financial year 2024-25, EPFO has settled 5.08 crore claims worth Rs 2,05,932.49 crore, which is much more than the 4.45 crore settlements of Rs 1,82,838.28 crore in the financial year 2023-24.
The Labor Minister said, this achievement by EPFO has been possible due to the transformational reforms taken in the claim settlement process and resolving grievances. Mansukh Mandaviya said, we have taken steps like increasing the limit and category of auto settlement claim, simplification of changes in member profile, streamlining the process of Provident Fund transfer and improving KYC compliance ratio. Due to these reforms, the efficiency of EPFO has improved significantly.
EPFO Claim Settlements: EPFO (Employees Provident Fund Organisation) has created history in the matter of Provident Fund claim settlement. In the financial year 2024-25, the Employees Provident Fund Organization has settled more than 5 crore claims which is a record. Labor and Employment Minister Mansukh Mandaviya has given this information.
Highest Ever EPFO Claim Settlement in History! 🇮🇳
📌 5 crore+ claims settled in FY 2024-25.
💰 ₹2.05 lakh crore disbursed.
⚡ Auto-claim settlements doubled to 1.87 crore.
🔄 Seamless processes & reduced grievances.
Under the leadership of PM Shri @narendramodi Ji, EPFO… pic.twitter.com/Hq4jNbwYQV
— Dr Mansukh Mandaviya (@mansukhmandviya) February 6, 2025
Union Minister Mansukh Mandaviya said that the Employee Provident Fund Organization (EPFO) has achieved a historic milestone by settling more than 5 crore claims for the first time. In the financial year 2024-25, EPFO has settled 5.08 crore claims worth Rs 2,05,932.49 crore, which is much more than the 4.45 crore settlements of Rs 1,82,838.28 crore in the financial year 2023-24.
The Labor Minister said, this achievement by EPFO has been possible due to the transformational reforms taken in the claim settlement process and resolving grievances. Mansukh Mandaviya said, we have taken steps like increasing the limit and category of auto settlement claim, simplification of changes in member profile, streamlining the process of Provident Fund transfer and improving KYC compliance ratio. Due to these reforms, the efficiency of EPFO has improved significantly.
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