Inoperative EPF accounts' total amount up 5 fold to Rs 8,505 cr in 6 years

Inoperative EPF accounts have seen a five-fold increase, reaching Rs 8,505.23 crore in FY24 compared to Rs 1,638.37 crore in FY19. The EPFO clarified these accounts are not unclaimed and will be returned to their rightful owners upon claim filing. Efforts are underway to raise awareness and improve fund utilization through various multimedia campaigns.