The Ministry of Labour and Employment has approved a pilot project to automatically refund money from small-balance inoperative EPFO accounts.
1don MSN
Major EPFO Reform: Subscribers With Rs 1,000 Or Less In Inoperative Accounts To Get Automatic Refund
An EPFO account is classified as inoperative if there has been no contribution or transaction for three consecutive years.
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EPFO news; EPF begins refund of 7.11 lakh dormant PF accounts; credit process underway
The Employees’ Provident Fund Organisation has begun returning Rs 30.52 crore to 7.11 lakh dormant accounts with balances up to Rs 1,000. This pilot phase, part of a larger initiative to close ...
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