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The Employees’ Provident Fund Organisation (EPFO) has rolled out a major relief measure for millions of salaried employees across India. Under the latest update, eligible PF account holders can now withdraw up to ₹1 lakh as a PF advance within just 3 days, thanks to a faster, automated claim settlement system.

This move aims to reduce paperwork, eliminate long waiting periods, and provide quick financial assistance during urgent situations such as medical emergencies, education expenses, marriage, or housing needs.

What Has Changed in the New EPFO Rule?

Earlier, PF advance claims processed through auto-settlement were capped at ₹50,000, which often fell short during emergencies. EPFO has now doubled the withdrawal limit to ₹1 lakh, offering greater flexibility to members.

The most significant improvement is the end-to-end digital processing, where claims are verified automatically without manual intervention. This has dramatically reduced processing delays.

How Fast Is the New PF Advance Settlement?

Previously, PF withdrawals could take 15 to 20 days due to manual document verification and employer approvals. With the new system:

• Claims are checked digitally

• KYC and bank details are auto-verified

• Funds are transferred within 3 to 4 working days

If all details are correct, the amount is credited directly to the registered bank account.

Who Can Avail This Fast PF Withdrawal Facility?

To benefit from this new rule, members must meet the following conditions:

• Active UAN (Universal Account Number)

• Aadhaar linked with PF account and bank account

• Updated KYC details (PAN, Aadhaar, bank)

• Correct and verified bank account details

Initially introduced for medical needs, this facility now also covers education, marriage, and housing-related expenses.

Step-by-Step Process to Withdraw PF Advance Online

PF members can apply online from the comfort of their homes by following these steps:

1. Visit the official EPFO member portal

2. Log in using your UAN and password

3. Go to Online Services and click on Claim

4. Verify bank details and select Proceed for Online Claim

5. Choose Form 31 (PF Advance)

6. Enter:

   • Reason for withdrawal

   • Required amount

   • Address details

7. Upload a scanned copy of cheque/passbook

8. Complete Aadhaar-based OTP verification

Once submitted, the claim moves for employer verification. After approval, the auto-settlement mode processes the payment quickly.

Why This Update Matters

This EPFO reform significantly improves financial accessibility for employees. Quick access to PF savings during emergencies reduces dependency on loans or credit cards and strengthens trust in social security systems.