New Delhi: Even as the updated Employees’ Provident Funds Scheme, 2026 comes into effect, a Right to Information (RTI) query to the Employees’ Provident Fund Organization (EPFO) has shown that almost 30.91 lakh accounts remain inoperative, holding almost ₹9,330 crore in unclaimed funds. Even though the new PF rules are aimed at easing rules, the unclaimed deposits show how much the government still has to do to boost income security.
The response shared by the EPFO hasn’t been forthcoming about the problem, as the data shared was only for 2025 and 2026. The organization had set up its Inoperative Accounts Cell (IAC) only last year, and earlier years information wasn’t available. The reply also declined to disclose whether the inoperative accounts have been linked to Aadhaar, and the quantum of amounts lying in these accounts.
According to a report in India Today, the unclaimed ₹9,300 corpus is enough to fund three IITs, with about ₹500 crore being left over, based on back-of-the-envelope calculations.
Though these reforms for your PF contributions have been largely welcomed, it doesn’t take away the fact that thousands of families may be unaware of the funds their elders or deceased members may have left back, which could be used for housing, paying off debts or funding an education.
Though these reforms were aimed at boosting savings and investment, millions of gig workers still lack the financial security they need, and the government faces a tough task in helping them secure their finances.
<p>The post RTI query reveals 30.91 lakh inoperative EPF accounts, ₹9,300 crore unclaimed first appeared on Hello Entrepreneurs.</p>
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