💨 Abstract

The Employees Provident Fund Organisation (EPFO) has proposed to increase the auto settlement of advanced claim (ASAC) limit from Rs 1 lakh to Rs 5 lakh to improve the 'Ease of Living' for its 7.5 crore members. The revision is pending approval by the Central Board of Trustees (CBT). EPFO members may withdraw PF up to Rs 5 lakh through ASAC once the recommendation is approved.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖

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