EPFO approves automatic settlement of inoperative PF accounts with balances up to ₹1,000. Around 1.33 lakh accounts worth ₹5.68 crore to be credited directly.

The retirement fund body has carried out a KYC analysis of such inoperative accounts, as the pilot phase will see auto-settlement for only KYC and Aadhaar-seeded accounts.

EPFO launches automated refund drive to return Rs 30.52 cr from 711,000 inoperative accounts to members and heirs ...

The Employees’ Provident Fund (EPF) is one of the most important savings schemes for salaried employees in India. Managed by the Employees’ Provident Fund Organisation (EPFO), this fund acts as a long ...

A total of Rs 30.52 crore stuck in over seven lakh inoperative accounts of the retirement fund body EPFO will soon be ...

If you have ever changed jobs, stopped contributing to your EPF account, or forgotten about an old provident fund account, there is good news for you. The government has announced a new initiative ...

The Ministry of Labour and Employment will refund Rs 30.52 crore from over 7.11 lakh inactive EPFO accounts, each with a ...

The Labour Ministry has begun a major clean-up of inoperative EPF accounts, announcing automatic refunds of ₹30.52 crore lying in over 7 lakh small inactive accounts. The move is part of a wider ...

Draft Income-tax Rules 2026 require provident fund nominations to favour family members and mandate annual account reporting by trustees and employers to ensure transparency and ...

EPFO has announced an 8.25% interest rate for the financial year 2025-26. This rate remains unchanged from the previous year.

The Employees Provident Fund Organisation's Central Board of Trustees has kept the EPF interest rate at 8.25% for the ...

The compound interest is credited by EPFO on a monthly running balance basis at the statutory rate declared for each year. For 2024-25, EPFO declared an interest of 8.25%.