Prompt settlement of Inoperative Accounts by locating the members to ensure Interest protection: EPFO. The Employees Provident Fund Organisation mandates all regional offices to promptly address inoperative accounts by locating members and facilitating settlements or transfers. This initiative aims to prevent interest loss on these accounts, with progress monitored at the highest levels within the organization.
Employees Provident Fund Organisation
MINISTRY OF LABOUR & EMPLOYMENT
GOVERNMENT OF INDIA
Head Office
Plate A Ground Floor Block II, East Kidwai Nagar New Delhi-110023
No: WSU/INOPERATIVE ACCOUNTS/E-300140/2024-25/14
Date: 27.03.2025
TO
All ACC(HQ)s/ACCs of Zonal offices
All RPFCs/OICs of Regional Offices
Sub: Prompt settlement of Inoperative Accounts -reg
Madam/Sir,
To ensure prompt liquidation of inoperative accounts, all offices are hereby advised to suitably sensitize the Regional Offices (ROs) to locate the members having such inoperative accounts to get the same settled or transferred as the case may be, so that there is no loss of interest for their accounts.
The progress achieved on the same is being monitored at the highest level for each RO/ZO and accordingly, due importance be given for the same.
(This issues with the approval of Competent Authority)
(G R Suchindranath)
ACC(F&A)
COMMENTS