Coronavirus situation under control in Delhi, not terrible, says Kejriwal
Maruti reports 54% YoY decline in sales in June; sells less than 40% of pre-coronavirus level
Government Bans 59 Chinese Apps Including Tik-Tok, Shareit, UC Browser, and WeChat
PM Modi to address the nation at 4 pm: What to expect
Maharashtra Extends Lockdown Till July 31 Day After Urging Caution
Coronavirus Vaccine Update
Swarms Of Desert Locusts Reach Delhi Outskirts After Gurugram
Delhi fighting difficult battle against COVID-19, will emerge victorious: Kejriwal
2-Week Lockdown In Guwahati From Monday; Minister Says "Shop By Sunday"
YouTube likely to come up with TikTok-like short video platform
Rs 2,000 crore from PM CARES Fund to be spent on 50,0000 ventilators for COVID-19 patients
Baba Ramdev's Patanjali launches India's 'first Ayurvedic' medicine for coronavirus, Coronil
Coronavirus: Glenmark conducts Fabiflu trial on 1,000 patients; to compete with Gilead's Remdesivir
Jio's golden touch makes Reliance Industries share rise 108% in 3 months
Coronavirus vaccine: When will it be ready? Moderna, AstraZeneca offer answers
Chennai lockdown starts today: Check what is allowed, not allowed
Coronavirus vaccine: Singapore scientists discover 5 antibodies that can combat COVID-19
India-China tension: Indian Army releases list of 20 martyrs; wreath ceremony begins in Leh
Tamil Nadu announces 'maximised restricted lockdown' from June 19 in Chennai, 3 other districts
Maruti Suzuki's Alto becomes India's top-selling car for 16th year in a row

Latest Posts

EPFO launches AI system to settle claims as PF withdrawals shoot up

latest news update

The Employees Provident Fund Organisation has come up with an AI-based fully automatic claim settlement system. This system has helped EPFO increase the speed of claim settlement.

The need for this system arose after the organisation saw a substantial increase in the number of PF withdrawals amid the coronavirus pandemic. Operating with skeletal staff, the organisation was overburdened with the quantity of settlement claims, a report in Livemint stated.

EPFO said that now 54 per cent of the coronavirus claims are being settled through the system. Despite the shortage in manpower, the time frame to settle claims have been brought down to 3 days from 10 days.

The organisation settled 36.02 lakh claims in April-May 2020 as compared to 33.75 lakh in the same period previous year. The 36.02 lakh claims were settled by EPFO with only 50 per cent staff. "Apart from commitment of staff, use of artificial intelligence played a big role in achieving new benchmarks in claim settlement," said EPFO.

The EPFO now settles around 80,000 claims worth Rs 270 crore every day. The AI tool processes claims of all eligible, fully e-KYC compliant subscribers.


Alert Message

Please Wait...

Share the Opinion Poll with your Friends At


Share the Survey with your
Friends At