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The EPFO ​​has also introduced the facility of auto mode settlement for education, marriage and housing. Earlier, members could take PF out only when he was admitted to illness/hospital. The claims in auto mode settled within three days and now 95 percent of the claims become automated.

According to sources, by March 6, 2025 in the current financial year, EPFO ​​has achieved a historic record of 2.16 crore auto claim settlement, which was 89.52 lakhs in 2023-24. The claim rejection rate has also been reduced from 50 percent to 30 percent.

The EPFO ​​has presented an auto-calm solution, in which claims are automatically disposed of by the IT system without the need for human intervention. The formalities of validation of PF withdrawal have been reduced from 27 to 18, and it has been decided to reduce it to 6 in the meeting.

The claim settlement process is being made easier by centralized under a centralized IT competent system of members of members. Claims with KYC, eligibility and bank verification are automatically processed for payment through IT devices. This has reduced the claim settlement period from 10 days to 3-4 days. The claims that are not valid by the system are not rejected, rather they are taken for second level investigation and approval.

Taking a new step for Indian employees, EPFO ​​is going to start a new system for PF withdrawal through Unified Payments Interface (UPI). Last week, Labor and Employment Secretary Sumita Davada had said that the ministry has approved the recommendation of NPCI and members will be able to remove PF through UPI and ATM by May or June. It can also be a good pilot project for the General Provident Fund (GPF) of government employees and the Public Provident Fund (PPF) of banks.