Payroll updates Archives

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. […]

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EPFO Introduces Automatic Settlement of Inoperative PF Accounts with Balances up to ₹1,000

Anjali Gupta

Pavan Pratap Singh

Shyam Gupta

Sonal Mehta

Rajesh Malhotra

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