2025 · Q73
Which of the following statements relating to the recent steps taken by the "Employees’ Provident Fund Organization (EPFO)" is/are correct?
- 1EPFO has enhanced member services by increasing the auto-settlement limit for advance claims from the existing ₹1 lakh to ₹3 lakh.
- 2EPFO first introduced auto-settlement of advance claims during the COVID-19 pandemic. Select the answer using the codes given below:
Social Security in IndiaEPFO
- A1 only
- B2 only
- CBoth 1 and 2
- DNeither 1 nor 2
Explanation
Statement 1 is wrong: EPFO raised the auto-settlement limit for advance claims from Rs 1 lakh to Rs 5 lakh (May 2025), not Rs 3 lakh. Statement 2 is correct: auto-settlement of advance claims was first introduced during the COVID-19 pandemic in 2020. Hence 2 only.