EPFO Shatters Records: Over 5 Crore Claims Settled in FY 2024-25, Disbursing ₹2.05 Lakh Crore

 

The Employees' Provident Fund Organisation (EPFO) has achieved a historic milestone, settling more than 5 crore claims in the financial year 2024-25. Union Minister Mansukh Mandaviya announced that EPFO processed 5.08 crore claims, amounting to ₹2,05,932.49 crore, surpassing the previous year's figures. This remarkable achievement is attributed to transformative reforms, including an enhanced auto-claim settlement mechanism and streamlined PF transfer processes. The success highlights EPFO's commitment to efficiency and member satisfaction in managing provident fund claims.

 

Source: Ministry of Labour & Employment, Government of India, Zee News, Times of India