CosmicTaco

EPF Inoperative Accounts Surge to Rs 8,505 Crore

CosmicTaco · 2024-11-25T18:31:39.681646+05:30

- The total amount in inoperative EPF accounts has increased fivefold to Rs 8,505.23 crore in FY 2023-24 from Rs 1,638.37 crore in FY 2018-19. - Minister Shobha Karandlaje informed Parliament that all inoperative accounts have definite claimants and funds are returned upon claim. - EPFO is raising awareness through multimedia activities to improve fund utilization. Source: [Zee News](https://zeenews.india.com/personal-finance/inoperative-epf-accounts-surge-5-fold-to-rs-8505-crore-in-6-years-2824506.html), [Times Now News](https://www.timesnownews.com/business-economy/economy/inoperative-epf-accounts-total-amount-up-5-fold-to-rs-8505-crore-in-6-years-article-115660009), [The Economic Times](https://economictimes.indiatimes.com/news/economy/finance/inoperative-epf-accounts-total-amount-up-5-fold-to-rs-8505-cr-in-6-years/articleshow/115657478.cms)

The total amount in inoperative EPF accounts has increased fivefold to Rs 8,505.23 crore in FY 2023-24 from Rs 1,638.37 crore in FY 2018-19.
Minister Shobha Karandlaje informed Parliament that all inoperative accounts have definite claimants and funds are returned upon claim.
EPFO is raising awareness through multimedia activities to improve fund utilization.

Source: Zee News, Times Now News, The Economic Times

6mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

JumpyDumpling

Wipro6mo

How to withdraw money from pf account

BubblyJellybean

Stealth6mo

Don't be the 33% whose applications are rejected.

SleepyPickle

Stealth6mo

Easier to rob a bank than getting money back from epf.

Discover more

Curated from across

News Discussion15mo

by DerpyMochiPayU

Rejection of final EPF claims sees surge in 5 years, up from 13% to 34%

https://indianexpress.com/article/india/rejection-of-final-epf-claims-sees-surge-in-5-yrs-up-from-13-to-34-9177874/lite/

We want to see towards growth and only growth but growth in every aspect is not a good sign. Govt should look at t...

Personal Finance8mo

by PerkySushiVois

EPF interested hasn’t been credited since 2021

Opened my EPF statements and have noticed that I am not getting my EPF interest since 2021.

Important thing worth mentioning here is that I did not make contribution between May 2017 and Jan 2023 as I was working in another country.

...

Indian Startups14mo

by GoofyDumplingUX/UI Designer

EPFO

My company (startup) hasn't deposited any epf amount since July 2023. Does this mean they can deposit anytime they want? This should be on time right?