New EPFO Rules for Subscribers with Inoperative PF Accounts
The Employees’ Provident Fund Organization (EPFO) has introduced new guidelines and regulations regarding dormant Employee Provident Fund (EPF) accounts to prevent unauthorized withdrawals and fraudulent transactions. EPFO has identified accounts with no transactions (debit or credit other than interest) for at least three years as ‘transaction-less’ or ‘inactive’ accounts. Such accounts are subject to strict … Read more