The government has reduced the stipulated period for settlement of various claims like PF withdrawal, pension and insurance by the retirement fund body EPFO to 20 days from the existing 30 days. According to an order, the Labour Ministry had notified the changes to the three schemes for the purpose on 2nd of this month.<br/><br/>The EPFO has been working for the past few years to reduce the claim settlement period. Its ultimate target is to settle all types of claims within three days from receipt of application in future through a massive digitisation programme.<br/><br/>EPFO had settled 1.29 crore claims in 2014-15, of which more than 90 per cent were disposed off within 20 days. The cumulative figure regarding claim settlement for the current fiscal that is from April to June stood at 33.35 lakh claims, out of which 43 per cent were settled within 3 days.