Interest on Inoperative Accounts

The collective recommendations from the circle along with the poll results on EPFO paying interest on inoperative accounts has been presented to EPFO and the same will be reviewed by a High Level Committee today.

Over 75% of you said that interest should be paid on such accounts.

We are hopeful that EPFO will consider the collective ask of citizens and implement it. more  

View all 17 comments Below 17 comments
Efforts should be made to make Indian citizen alert, sensitive and vigilant. Why inoperative accounts remain so, for years together. These steps to give interest on inoperative accounts make Indians dumb. more  
The statements of a/c should be sent at the available permanent address of the inoperative a/c holders every year so that they can claim refund in case of need. more  
MODIJI ,IF U WANT 2 WIN ELECTIONS ,U SHOULD WORK HARD ,HE SHOULD MEET THE FARMERS PERSONALLY & GIVE THEM THEIR HELP CONNECT WITH THE PEOPLE DIRECTLY ,NOT ONLY WITH MAN KI BAAT ,BECAUSE THEY WANT SOMETHING FROM U,EXPOSE MAMTA ON STING OPREATION & CHIT FUND SCAM,EXPOSE JAYLALITA WITH LOTS OF SCAMS,DO SOMETHING SEVERE & UNSELFISHLY ,CLEAN INDIA BY CLEANING THIS DIRTY PEOPLE, EXPOSE LALU,PAWAR,RAHUL,TATKARE ETC ALSO U CAN GET PLENTY OF MONEY FROM THESEDEMONS, PLEASE SAVE FARMERS,WORKERS,& POORS ETC COZ THEY R BACKBONE OF INDIA ,PLZ BETRYL WITH ANY OF POOR FARMERS & WORKERS,UR PLANS R WONDERFUL BUT U MUST C WHETHER THEY R IMPLEMENTED OR NOT ,PLEASE SIR DO THIS FAST ,STOP UR FOREIGN TOURS & LOOK AT INDIA & BEHAVE LIKE GANDHIJI & STROLL OVER INDIA & TRY TO SOLVE THE PROBLEMS & THEN ONLY U WILL WIN ,BEST OF LUCK ,DON'T ANGRY WITH ME BUT U MUST DO THIS BECAUSE PEOPLE R SAYING NASTY THINGS ABOUT U & I DON'T LIKE THIS AT ALL ,BE STRICT & PUNISH THE CORRUPT PEOPLE more  
The most important issue is that INTEREST ON INOPERATIVE P.F. ACCOUNTS shall not be applied on those accounts from completion of ONE YEAR from the month the Member resigns from an establishment . Amounts of such Accounts shall be maintained in Dead Account Funds that shall not carry any interest from the day transferred . The EPFO shall make it mandatory to inform specifically with a separate Form about the cessation of Services of a Member either due to Resignation , or Termination or on any other cause . more  
Yes it has to be given and also the amount should be automatically informed to the owner. Also the nationalised banks sometimes debit amounts on inoperative savings account and steal the amount .This practice should be stopped. more  
Post a Comment

Related Posts

    • WHO GIVES THE GO AHEAD WITH A RISK-BASED SCIENTIFIC APPROACH:

      * Economic Activities should continue to lift the fallen Economy. * A challenge to the Scientists all over the World to tackle the new Variant effectively, to cast away mortal fear and the pan...

      By Jayakumar Daniel
      /
    • Campaign to lower RT-PCR costs

      As Omicron is more transmissible more and more people will need RT-pcr tests and 900 for home sample collection is still pretty expensive for common people. Maharashtra govt has further...

      By Seema Shah
      /
    • Masks can make the difference

      Only one maskless person can completely contaminate the air at an indoor event. That is what is meant by super-spreading event A mask will take potentially massive contamination and make...

      By Vikram Gupta
      /
    • Puducherry makes vax mandatory

      Friends new to these circles. It is ridiculous what govt is doing here. See attached. If tomorrow my father gets blood clots and needs 20 lakhs for treatment is the state govt going to reimburse.

      By Anita Mahalingam
      /
    • Omicron is not mild - see graph attached

      If we switch to a log scale, we can better compare the growth rates: On current trends, patients on oxygen (mostly due to Covid) will soon pass Delta trajectory, and numbers in ICU are a...

      By Ruchika L Maheshwari
      /
    • Global Coordinated Lockdown for Omicron

      Every single person in every single country in this world is done with this virus. What if we would have a strict worldwide coordinated lockdown at the same time, in the exact same period. Would it...

      By Ajay Dutta
      /
    • Red Flag - With 2 pct mask compliance Omicron can drive the 3rd wave

      Thanks to all members who participated in the detailed survey on how mask compliance is working in your area or district and the kind of masks people are wearing. Below is the link to the survey re...

      By LocalCircles Manager
      /
    • Omicron and Schools: Parents sending children for in-person school likely to decline

      Many of you participated in the recent survey on continued school reopening post Omicron. Below is the report" Parent...

      By LocalCircles Manager
      /
    • Genome testing of Covid positive children

      Basis South Africa data, The hospitalisation rate for kids and young people with Omicron may be as high as 30%—if not higher—if we have just 10,000 cases in young people with a hospitli...

      By Sudesh Rai
      /
    • Community Spread of Omicron - Note This

      INDIAN without travel history detected with Omicron variant. 3 primary contacts and 2 secondary contacts are also PCR positive. Likely that they will also turn out to have Omicron variant. Omicron ...

      By Shirisha Kumar
      /
    • Mask will be the most important vaccine

      Everyone please do ensure u and your loved ones mask. America and UK are in so much trouble because they confused citizens about mask protocols. Do read attached please

      By Vikram Gupta
      /
Share
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.)