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The Economic Times

Economy / The Economic Times

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EPFO plans auto-settlement to clear Rs 5,200 crore in inoperative accounts

The Employees' Provident Fund Organisation is developing an auto-settlement system. This will help subscribers claim unclaimed money from inactive accounts. The facility will initially focus on Aadhaar-verified accounts with small balances. This initiative aims to clear idle funds efficiently. Members who joined after October 2017 will receive priority for future settlements.

23 Mar 2026 5:52 pm