This is a good move as dormant accounts after 36 months will yield interest and people will be interested to maintain the EPF balance in their respective accounts instead of money being blocked and gets depreciated. The government can also utilize the funds for noble causes and development.

But, I have a small point. The government considering EPF as a social security does not seem to be practical as there are several establishments in the country which do not fall under the PF act. The employees of those entities do not have any social security as such.

However, also considering the fact that many people lose their jobs due to poor company performance and depend manly on small savings and EPF withdrawal benefits, I would still reiterate that the employer's portion with accrued interest should be allowed to be withdrawn if the account remains dormant for more than six months.

Alternatively, the interest earned on the employer's portion can be offered as a monthly income to unemployed citizens.

Need to have a relook into these aspects and reconsider the decision of partial EPF withdrawal. more  

View all 10 comments Below 10 comments
B mb kkjho one miuuükky to mततैया स तक 🐅🐅🐅🐍🐐🐎 वश सतत सत्ताधीशों सतत तथा तयार गदर में ही। 🐕🐕🐘🐔😉📞 Sent from my Sony Xperia™ smartphone ---- Rajesh Iyer wrote ---- > more  
M mb b bkjkkbuHmm bob o b bkkkkkbon m lkkiubbjkbbbjkmb. Nbkkkuu coujo vnokgh mb the uuü Sent from my Sony Xperia™ smartphmmkloklbuuiíkkuhu bro one ---- Rajesh Iyer wrote ---- > more  
Bhi Kabhi nahi ï Ķku⛲📱🐓🐔🐻🐕 Sent from my Sony Xperia™ smartphone ---- Rajesh Iyer wrote ---- > more  
Recently we found that for favouring an Educational institution in TN. RPFC was taken to task by CBI.As Sugirtha kumar suggestions, the EPFO should honestly test themselves that most of the Educational Establishments does not provide the facility to the faculty even though they fall under the purview of our ACT. The faculties felt their privileges being curtailed but they are not coming forward to inform out of scare. Will EPFO realised this and test itself to examine this view more  
I agree with Mr. Rajesh Iyer's view and want to add one more thing to his comment as many of the establishments has not deductng pf for the slab of Rs.15,000/- for those who are drawing salary more than Rs.15,000/- per month and also not deductng the full amount for those who are drawing less than Rs.15,000/-. They are deducting PF for the basic and da as per Minimum Wages act which is so less than what Pf Department has informed to the employers. more  
Post a Comment

Related Posts

    • When EPF Portal will be able to serve people online?

      EPF Work is for namesake online but practically it hardly serves to 5-10% people, otherwise of this portal of no use. It requires you to visit PF Offices despite of all documents uploaded and accep...

      By Vinod Kale
    • Recovering EPF Payment grievance

      I have EPF payment due for my service as on Dec2019, due to certain personal reasons I could not take up further employment and I attempted to get back the payment due to me in December 2012 but th...

      By Nishith Kumar Mukherjee


      By Satyapal Singh
    • Withdrawl of PF

      I lost my job after May 2020. I want to withdraw my PF but I am unable to do same because my company has been liquidated n the IRP appointed by NCLT has not authorized anyone as authorize signatory...

      By Ravi Rai
    • EPFO may fund startups

      The EPFO should note that it is a custodian of the money which people who are saving for the retirement. You are not supposed to behave like a financier to fund startups.

      By Satvik Singh
    • Scheme certificate cancellation from RPFO Delhi- central

      I had submitted Scheme certificate at RPFO cuddapah at the time of submisstion of Form 10D for EPF monthly pension in the year 2017. RPFO cuddapah sent letter to RPFO Delhi-North asking cancellat...

      By K R S S Murty
    • Your EPF claim.

      Can you share your EPF Account number? (State/Organisation code number / your account no).

      By MANDALIKA Surya Narayana Sastry
    • EPF not claimed from 1996

      Sir, I was working in a pvt ltd company in 1996 with whom I have my EPF dues. How can I get my EPF now and to whom to contact to know the procedure? Thanks & Regards

      By Debabrata Nayak
    • EPFO has some fraudsters need audit

      Officers tend to form nexus with crooks to fraudulently withdraw PF money from dormant or active accounts. This case in Mumbai is concerning and I have a feeling we have hundreds of such cases acro...

      By Satvik Singh
    • Online withdrawal rejection

      I had UAN linked to Aadhaar/PAN/bank account but still online request got rejected showing same account linked to other UAN etc (my old UAN before new EPFO portal came up). God knows what can ...

      By Shibdas Mallick
    • Change in pension withdrawal rules coming

      Soon, the EPFO will allow withdrawal of pension contribution only after 2 years of exiting from your previous job. Right now, pension sum can be withdrawn after 2 months of leaving a job.

      By Satvik Singh
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)