New EPF rule on auto withdrawal claims under 68J; check details
Employees' Provident Funds Organisation (EPFO) has increased the qualifying limit of Paragraph 68J claims for auto claims processing. The limit has been inreased from Rs 50,000 to Rs 1 lakh, which was also implemented in the application software on April 10, 2024, EPFO said in a circular issued on April 16, 2024.
EPF withdrawal: What is Paragraph 68J claims?
EPF subscribers can apply for an advance under Paragraph 68-J of the EPF Scheme for their own and their dependents' medical expenses.
According to paragraph 68-J, members may request an advance from the fund for medical treatment in specific circumstances, such as when they are hospitalised for a month or longer, undergo major surgery in a hospital, or have TB, leprosy, paralysis, cancer, mental illness, or a heart condition.
Note that a member would no longer need to provide a proforma, medical certificate, or any other kind of certificate or document in order to be eligible for an advance under paragraph 68-J.
The physically impaired member can apply for advance payment to buy equipment under paragraph 68-N in order to lessen hardship related to their impairment. This section only permitted withdrawals upon the presentation of a medical certificate from a licenced physician or an official designated by the EPFO.
The member's basic pay and dearness allowance for a period of six months, his personal contribution share plus interest, or the equipment cost, whichever is less, will be the maximum amount advanced under paragraphs 68-J and 68-N.
According to
