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.

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{154118,
        author = {Mohammad Umar},
        title = {UNCLAIMED EMPLOYEES’ PROVIDENT FUND ACCOUNTS AN APPRAISAL},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {8},
        number = {10},
        pages = {158-161},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=154118},
        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.},
        keywords = {Employees’ Provident Fund- Inoperative accounts- Senior Citizens’ Welfare Fund -Unclaimed EPF Accounts- - Universal Account Numbers (UAN).},
        month = {},
        }

Cite This Article

  • ISSN: 2349-6002
  • Volume: 8
  • Issue: 10
  • PageNo: 158-161

UNCLAIMED EMPLOYEES’ PROVIDENT FUND ACCOUNTS AN APPRAISAL

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