EPFO Rule Update Shows How To Get ₹1 Lakh PF Withdrawal In 3 Days
Employees facing urgent financial needs can now breathe easier as the Employees’ Provident Fund Organisation has streamlined its withdrawal process. New rule changes have expanded the scope of automatic claim settlement, allowing eligible members to access their provident fund savings much faster. What earlier took weeks can now be completed within days, making the system more responsive during medical, educational and personal emergencies.
Claims submitted through this auto-mode are processed within three to four days, provided the account details and KYC information are complete. This change is aimed at reducing stress for employees during urgent situations.
The facility also covers family events such as the marriage of a brother or sister. This expansion makes provident fund savings more accessible when members need them the most, without having to wait for lengthy approvals.
These withdrawals are processed entirely through the computerised auto-settlement mode. No additional approval is required once eligibility is confirmed, and the money is credited directly to the registered bank account, usually within three days.
The move is particularly helpful for salaried individuals who need quick access to funds without navigating multiple administrative layers. The system is designed to work smoothly as long as account information is accurate and up to date.
After choosing the PF Advance Form 31, members select the relevant PF account, mention the reason for withdrawal and enter the required amount. A scanned copy of a cheque or passbook is uploaded, followed by Aadhaar-based verification. Once submitted, the application moves for employer approval, and its status can be tracked online.
With digital verification replacing manual checks, the updated framework ensures that genuine claims are settled quickly while maintaining necessary safeguards. For millions of employees, this change brings both convenience and confidence in times of need.
What Has Changed In EPF Withdrawal Rules
The EPFO has strengthened its auto-settlement facility to reduce delays and paperwork. Earlier, advance withdrawal claims required manual checks, employer verification and document scrutiny, often taking 15 to 20 days. Under the revised system, most verifications are now handled automatically through digital records.Claims submitted through this auto-mode are processed within three to four days, provided the account details and KYC information are complete. This change is aimed at reducing stress for employees during urgent situations.
Expanded Coverage For Emergency Withdrawals
The automatic settlement facility was first introduced in April 2020 and was limited to medical emergencies. Over time, its scope has widened significantly. EPF members can now withdraw funds in advance for illness, education, marriage and house purchase.The facility also covers family events such as the marriage of a brother or sister. This expansion makes provident fund savings more accessible when members need them the most, without having to wait for lengthy approvals.
Higher Withdrawal Limit Brings Relief
One of the most significant updates is the increase in the withdrawal limit. EPF account holders can now withdraw advance funds of up to ₹1 lakh, compared to the earlier limit of ₹50,000.These withdrawals are processed entirely through the computerised auto-settlement mode. No additional approval is required once eligibility is confirmed, and the money is credited directly to the registered bank account, usually within three days.
Who Can Use The Auto-Settlement Facility
This facility is available to EPF members whose accounts meet all compliance requirements. Proper KYC completion, verified bank account details and eligibility under the chosen withdrawal category are essential.The move is particularly helpful for salaried individuals who need quick access to funds without navigating multiple administrative layers. The system is designed to work smoothly as long as account information is accurate and up to date.
Step-By-Step Process To Withdraw EPF Advance Online
The online withdrawal process is simple and can be completed from home. Members need to log in to the EPFO portal using their Universal Account Number and password. From the online services section, they must select the claim option and verify their bank details.After choosing the PF Advance Form 31, members select the relevant PF account, mention the reason for withdrawal and enter the required amount. A scanned copy of a cheque or passbook is uploaded, followed by Aadhaar-based verification. Once submitted, the application moves for employer approval, and its status can be tracked online.
Why This Update Matters For Employees
Faster access to provident fund savings can make a crucial difference during emergencies. By reducing processing time and increasing withdrawal limits, the EPFO has made the system more employee-friendly and responsive.With digital verification replacing manual checks, the updated framework ensures that genuine claims are settled quickly while maintaining necessary safeguards. For millions of employees, this change brings both convenience and confidence in times of need.
Next Story