Advertisement
trendingPhotosenglish2854919https://zeenews.india.com/photos/business/pf-latest-update-record-5-crore-claims-settled-in-fy25-how-to-check-your-epfo-claim-status-online-2854919
photoDetails

PF Latest Update: Record 5-Crore Claims Settled In FY25; How To Check Your EPFO Claim Status Online

EPFO Has Achieved Historic Milestone of Settling Over 5 Crore Claims in FY 2024-25.

EPFO Claim Settlement Historic Milestone

1/7
EPFO Claim Settlement Historic Milestone

Union Minister of Labour & Employment and Youth Affairs & Sports, Mansukh Mandaviya, has announced that the Employees' Provident Fund Organisation (EPFO) has achieved a historic milestone by crossing the 5 crore claims settlement mark for the first time in its history.

5 Crore Claims Settled In FY 2024-25

2/7
5 Crore Claims Settled In FY 2024-25

In the financial year 2024-25, EPFO has processed over 5.08 crore claims amounting to Rs. 2,05,932.49 crore, surpassing the 4.45 crore claims worth Rs. 1,82,838.28 crore settled in the previous financial year 2023-24.

EPFO Reforms

3/7
EPFO Reforms

Mandaviya highlighted that this remarkable achievement has been made possible due to a series of transformative reforms initiated by EPFO to enhance claim settlement processes and reduce grievances among members.

EPFO auto-claim settlement

4/7
EPFO auto-claim settlement

A major enabler for faster claim processing has been the auto-claim settlement mechanism, ensuring that claims are settled within three days of submission. Dr. Mandaviya noted that the impact of this reform is evident, with auto claim settlements doubling to 1.87 crore claims in the current financial year, compared to 89.52 lakh auto claims processed during the entire FY 2023-24.

Pre-requisite: How To Check Your EPFO Claim Status Online

5/7
Pre-requisite: How To Check Your EPFO Claim Status Online

This facility is meant for EPF Members/subscribers/pensioners who have submitted a claim in any of the EPFO offices across India. Using this facility one can track the status of a claim so submitted. The only pre‐ requisite is you must know your PF Account Number.

Here Is How To Check Your EPFO Claim Status Online

6/7
Here Is How To Check Your EPFO Claim Status Online

 

Visit the EPFO website and go to the "Know your Claim Status" page

 

1. If you know the EPF Office from where your claim has to be settled, select the same from the office drop down list.

 

2. On selection of office, the mandatory Region Code and Office Code will get populated automatically in the respective boxes.

 

3. Enter the Establishment Code in the third box – which can be of maximum 7 digits.

 

4. In case the Establishment Code has an extension / sub‐code, enter the same here. It can be a digit or letter as the case may be and can be of maximum 3 characters in size. Leave this field blank, if there is no extension /sub‐code to the Establishment Code.

 

5. Enter your account number which can be of maximum 7 digits.

 

6. Click on submit to get the status.

PF transfer claim submission process

7/7
PF transfer claim submission process

Reforms in the PF transfer claim submission process have streamlined the workflow significantly. Since the introduction of a simplified transfer claim application, only 8% of transfer claims now require member and employer attestation. Notably, 48% of claims are submitted directly by members without employer intervention, while 44% of transfer requests are generated automatically.