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UNCLAIMED EMPLOYEES’ PROVIDENT FUND ACCOUNTS AN APPRAISAL

  • Unique Paper ID: 154118
  • Volume: 8
  • Issue: 10
  • PageNo: 158-161
  • Abstract:
  • In May 2016, the Government of India stated that about ₹43,000 Crores was lying in inoperative EPF (Employees' Provident Fund) accounts although the definition of inactive account changed post the November 2016 notification. Earlier, if a person stopped contributing towards PF for three years or more, the account became inactive. But now an account is termed inoperative three years after a person's retirement if he/she is at least 55 years old.
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  • ISSN: 2349-6002
  • Volume: 8
  • Issue: 10
  • PageNo: 158-161

UNCLAIMED EMPLOYEES’ PROVIDENT FUND ACCOUNTS AN APPRAISAL

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