If your PF claim status shows "Claim Settled" but the money is not yet credited, it usually means the amount has been processed by EPFO and sent to your bank. However, it can take 2–3 working days for the amount to reflect in your bank account after settlement.

When you apply for a PF withdrawal and the status changes to "Claim Settled", it indicates that EPFO has successfully processed your claim and released the payment. However, this doesn't mean that the money will be instantly visible in your bank account.

Here’s what happens step-by-step:

  1. EPFO Processes and Approves the Claim:
    Once your PF withdrawal request is verified and approved, the EPFO marks the status as "Claim Settled".

  2. Amount Sent to Bank via NEFT:
    After settlement, EPFO transfers the approved amount to your registered bank account using NEFT (National Electronic Funds Transfer).

  3. Bank Processing Time (2–3 Working Days):
    Though EPFO sends the money immediately, your bank may take up to 2–3 working days to credit the amount, especially if there are holidays or weekends in between.

  4. Possible Reasons for Delay:

    • Bank holidays or weekends delaying the NEFT credit.

    • Incorrect or outdated bank details (like IFSC or account number mismatch).

    • Technical issues with the bank or EPFO server.

    • Name mismatch between your PF and bank account.

What You Can Do:

  • Wait for 2–3 working days after the claim is marked as “Settled.”

  • Check your bank statement regularly during this period.

  • Verify your bank details in the UAN portal (UAN Member e-Sewa).

  • If not credited even after 3 days, raise a grievance at EPFiGMS portal or contact EPFO customer care at 1800 118 005.

“Claim Settled” means the process is complete from EPFO’s side. The delay in crediting is typically due to bank processing timelines, not an issue with your PF account. Patience for 2–3 working days is often all that is needed.