NewsBytes

Old EPFO account? Check if your funds will be auto-credited

EPF members may soon withdraw funds via UPI, with a pilot project set to auto-settle claims for small, inactive accounts.

Have an old EPFO account? Funds from these inoperative accounts may be auto-credited — check if you are eligible

EPF members may soon withdraw funds directly through UPI, with a target rollout by April 2026. Additionally, a pilot project ...
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EXPLAINED: EPFO withdrawal process to access amount of your PF savings - GUIDE

EPFO withdrawal process: The Employees' Provident Fund (EPF) is a retirement scheme to save funds for ensuring economic security once you retire. Yet, unexpected outgoings always come up, and the ...
The Financial Express

EPFO to auto-refund inoperative accounts with low balances: Amount threshold and process explained

The Labour Ministry has begun a major clean-up of inoperative EPF accounts, announcing automatic refunds of ₹30.52 crore lying in over 7 lakh small inactive accounts. The move is part of a wider ...
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EPFO Premature Withdrawal Rules: Know Criteria, Recovery Process, and Penalties Before Touching Your PF Savings

The Employees’ Provident Fund Organisation (EPFO) has issued an important alert for subscribers planning to withdraw money from their Provident Fund (PF) account for reasons not permitted under the ...

EPFO okays auto-settlement for inoperative accounts with balance up to Rs 1,000: What are they, and the process

The retirement fund body has carried out a KYC analysis of such inoperative accounts, as the pilot phase will see auto-settlement for only KYC and Aadhaar-seeded accounts.

Pending PF: EPFO to refund Rs 30.52 crore from 7 lakh inactive accounts, aiding lakhs of employees

Following a recent review by the Ministry of Labour and Employment, officials indicated that over 7.11 lakh inactive EPFO accounts, each carrying a balance up to Rs 1,000, will be cleared and the ...