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EPFO UNCLAIMED DEPOSITS
Labour ministry to return unclaimed deposits back to EPFO subscribersThe Ministry of Labour and Employment will return unclaimed EPF deposits to over 3.1 million subscribers, with a pilot phase benefiting 0.7...- Inoperative EPF accounts' total amount up 5 fold to Rs 8,505 cr in 6 yearsInoperative EPF accounts have seen a five-fold increase, reaching Rs 8,505.23 crore in FY24 compared to Rs 1,638.37 crore in FY19. The EPFO...
- EPFO seeks to transfer ₹100 crore of unclaimed deposits to elders' fundThe proposal will be taken up for consideration by the central board of trustees of EPFO at its upcoming meeting on Saturday, people famili...
- Rs 82,000 crore lying in unclaimed bank a/cs, life insurance, mutual funds, PF: How to get your money backET Wealth estimates that more than Rs 82,000 crore of investor wealth is lying unclaimed in forgotten and lost investments. There are uncla...
- Unclaimed shares, insurance, deposits: How to find and get your dues backCrores of rupees are lying with banks, and other organisations. Here’s how you can get back your money.
- EPFO to be sole regulator for all categories of PFs: Parliamentary panel to Labour MinistryThe Committee is convinced that a strong regulatory system should be in place for all PF trusts.
- Parliamentary panel for heavy penalty on private EPF trusts for defaultA Parliamentary panel has asked the labour ministry to go for random checking of returns filed by private EPF trusts to detect any misuse o...
- Unclaimed Provident Fund cash to fund government scheme? Trade unions slam planThe EPFO is awaiting a go ahead from the labour ministry to notify the payment of interest on accounts which have been inoperative for the ...
- Labour ministry awaits EPFO panel nod on doubling investments in equityOnce approved by FAIC, the labour ministry will present the decision before the next board meeting of EPFO for information.
- Government sets up fund to use unclaimed money for senior citizensFinance Minister Arun Jaitley in Budget 2015-16 had announced creation of a fund using unclaimed deposits of about Rs 3,000 crore in the PP...
- Here's why you should not let your Employee Provident Fund lie idleInactive PF accounts stop earning interest after three years. You could lose thousands if you don’t transfer the account or withdraw the mo...
- Unclaimed Employees Provident Fund Organization: Govt to take a call on funds transferThe two issues announced in the budget were discussed at a meeting of EPFO's central board of trustees.
- Budget 2015: Senior Citizen Welfare Fund may face trade union, legal hurdlesFM had announced setting up of the fund using the unclaimed deposits of about Rs 3,000 crore in the PPF and about Rs 6,000 crore in the EPF...
- CAG says EPFO earned more, paid less to members in 4 fiscalsEPFO paid lesser amount as interest on PF deposits of over five crore subscribers than its earnings between 2007-08 and 2010-11, CAG has sa...
- Rs 26,000 crore left unclaimed in bank, provident fund accountsInvestors have not claimed over Rs 26,000 crore from their provident fund (PF) accounts, insurance companies and bank fixed deposits, data ...
- Unclaimed EPFO money cannot be utilised: GovernmentThe Government on Monday said it has no plans to utilise unclaimed money of Employees Provident Fund Organisation (EPFO) which has accumula...
- Unclaimed funds with EPFO rise to Rs 4,000 crClose to Rs 4,000 crore is lying with the Employees Provident Fund Organisation (EPFO) in its unclaimed deposit accounts with no takers.
- Is it good to have multiple PF a/cs?Job hopping does get you a fatter pay packet, but don’t forget to carry your provident fund account along.
- It's crunch time: EPFO turns to private debtThe Employees Provident Fund Organisation (EPFO) is planning to invest in private debt instruments to generate revenue to counter the sever...
- EPFO consultant suggests investment in pvt debt instrumentsReeling under a severe resource crunch, the Employees Provident Fund Organisation is contemplating putting money in private debt instrument...
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