Inoperative EPF accounts' total amount up 5 fold to Rs 8,505 cr in 6 years
Mon, Nov 25, 2024 7:40 PM

Inoperative EPF accounts' total amount up 5 fold to Rs 8,505 cr in 6 years

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The total amount in inoperative employees' provident fund (EPF) has jumped over five fold to Rs 8,505.23 crore in financial year 2023-24 from Rs 1,638.37 crore in fiscal year 2018-19, Parliament was informed on Monday. In a written reply to Lok Sabha, the Minister of State Shobha Karandlaje stated that there are no unclaimed accounts in EPF scheme run by retirement fund body EPFO.

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