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