EPFO Introduces Automatic Settlement of Inoperative PF Accounts with Balances up to ₹1,000
Employees often leave small Provident Fund (PF) balances in old accounts after changing jobs or retiring. Recovering these amounts can involve additional paperwork and a separate claim process. To simplify this process, the Employees’ Provident Fund Organisation (EPFO) has introduced an automatic settlement facility for eligible inoperative EPF accounts with balances of up to ₹1,000. […]