New Delhi, July 3 -- The Employees' Provident Fund Organisation (EPFO) has introduced a new framework that aims to settle eligible provident fund (PF) withdrawal claims within three days, marking one of the biggest changes to its claim settlement process in recent years.

The move is expected to significantly reduce the time taken to access PF savings while making the withdrawal process simpler and more transparent for subscribers. Alongside the new timeline, EPFO has also simplified withdrawal procedures and is expanding automation to reduce manual intervention.

Under the new framework, eligible PF withdrawal claims are to be settled within three days, a significant reduction from the timelines that subscribers have often experienced in...