March 29, 2026

NEW DELHI: The Employees Provident Fund Organisation is focusing on getting subscribers to withdraw unclaimed money lying in inoperative accounts.Nearly a quarter of the inoperative accounts, which are Aadhaar verified, may soon get cleared of the idle balances as the EPFO is working to develop an auto-settlement facility which will allow account holders to receive the unclaimed money in their bank accounts without filing for claims, an official told TOI. The facility is slated to deal with nearly 8.1 lakh Aadhaar verified inoperative accounts, amounting to Rs 5,200 crore, of which nearly 14,000 have more than Rs 5 lakh lying unclaimed. Another 38,000 Aadhaar-verified inoperative accounts have Rs 1-5 lakh lying unclaimed, and 41,000 accounts have between Rs 50,000 and Rs 1 lakh. “In the last meeting, the central board of trustees (CBT) cleared auto-settlement of such inoperative accounts, with an unclaimed balance of Rs 1,000 or less, to registered bank accounts. Israel Iran WarUS-Israel-Iran War News Live Updates: Iran vows tit-for-tat strike after Trump’s 48hr ultimatum, threatens to hit US-Israel energy facilityWatch: Missile strike rocks Israel’s ‘Little India’ as Iran attack injures over 40; videos show chaosOver 100 injured in Israel amid Iran’s missile attack; Netanyahu calls it ‘difficult evening in battle for future’Based on the learnings from this project, a separate initiative is planned to design a strategy for other accounts. Members who joined after Oct 2017 will be given priority,” the official said. An inoperative account in EPFO is one that has stopped earning interest and mainly belongs to members who have retired after 55 years of age and no contribution is made for three years. However, for those under 55 years, the account will keep earning interest until the subscriber turns 58. As of Feb 2026, there were 31.8 lakh inoperative accounts, with Rs 10,181 crore lying unclaimed. Of these, nearly 7 lakh accounts are older than 20 years, while 1.8 lakh are between 10-20 years old. Nearly 13 lakh inoperative accounts are between 5-10 years old.End of ArticleFollow Us On Social MediaVideosPakistan Tops Global Terrorism Index With Highest Death Toll, Raises Global Alarm‘Was Tortured’: Wife Of Deceased PWC Official Seeks Bhullar’s Arrest Before Post-MortemSanjay Raut Fires ‘Jhola Uthaiye’ Salvo At Narendra Modi Over inflation, Rupee CrashFirst China-Bound Russian Oil Tanker Reaches India After US Sanctions WaiverNarendra Modi Reviews Energy Security As Middle East Crisis Deepens8931 Days In Office: PM Modi Becomes Longest-Serving Head Of Govt Overtaking Pawan Kumar Chamling‘Zelenskyy Regime Core Exporter Of Instability’: Russia Reacts To NIA Arrest Of Ukrainians In India‘Selective Narrative’: 275 Ex-Officials, Judges Slam USCIRF Over ‘Disturbing’ Report On IndiaLPG Tanker ‘Pyxis Pioneer’ With Over 47,000 Tonnes Of Fuel From US Arrives At New Mangalore PortSeveral Injured In Dimona As Iranian Missile Hits Israel’s ‘Little India’; Videos Show Chaos123Photostories5 nutrient-rich vegetable peels you should never throw awayHow to make Dhaba-style Paneer Butter Masala at homeIn pics: India’s sea-based deterrent triad – INS Arihant, Arighaat & AridhamanTV friendships that defined a generation: From ‘Friends’ to ‘The Big Bang Theory,’ the bonds we never got overTOISA 2025 winner list (part 1): Mithali Raj, Shubman Gill, Harmanpreet Kaur, and more win bigConstant urge to pee but little output? A urologist explains what your body might be telling you5 factors to consider before investing in real estateTOISA 2025 celebrates India’s sporting excellence with Smriti Mandhana and Samrat Rana leading the honoursCan’t stop overthinking conversations before bed? What your brain is doing and how to break the cycleWho is Leena Nair? From Kolhapur to leading Chanel’s Rs 360 crore empire123Hot PicksIran newsGautam SinghaniaStrait of HormuzGold rate todayIncome Tax CalculatorPublic holidays March 2026Bank Holidays MarchTop TrendingBihar board result 2026Air India Boeing 77760% free seat ruleQatar LNG ExportsMojtaba KhameneiJames GraceySpring EquinoxDiesel price hike8th Pay CommissionPremium Petrol Price Hike

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NEW DELHI: The Employees Provident Fund Organisation is focusing on getting subscribers to withdraw unclaimed money lying in inoperative accounts.Nearly a quarter of the inoperative accounts, which are Aadhaar verified, may soon get cleared of the idle balances as the EPFO is working to develop an auto-settlement facility which will allow account holders to receive the unclaimed money in their bank accounts without filing for claims, an official told TOI. The facility is slated to deal with nearly 8.1 lakh Aadhaar verified inoperative accounts, amounting to Rs 5,200 crore, of which nearly 14,000 have more than Rs 5 lakh lying unclaimed. Another 38,000 Aadhaar-verified inoperative accounts have Rs 1-5 lakh lying unclaimed, and 41,000 accounts have between Rs 50,000 and Rs 1 lakh. “In the last meeting, the central board of trustees (CBT) cleared auto-settlement of such inoperative accounts, with an unclaimed balance of Rs 1,000 or less, to registered bank accounts. Israel Iran WarUS-Israel-Iran War News Live Updates: Iran vows tit-for-tat strike after Trump’s 48hr ultimatum, threatens to hit US-Israel energy facilityWatch: Missile strike rocks Israel’s ‘Little India’ as Iran attack injures over 40; videos show chaosOver 100 injured in Israel amid Iran’s missile attack; Netanyahu calls it ‘difficult evening in battle for future’Based on the learnings from this project, a separate initiative is planned to design a strategy for other accounts. Members who joined after Oct 2017 will be given priority,” the official said. An inoperative account in EPFO is one that has stopped earning interest and mainly belongs to members who have retired after 55 years of age and no contribution is made for three years. However, for those under 55 years, the account will keep earning interest until the subscriber turns 58. As of Feb 2026, there were 31.8 lakh inoperative accounts, with Rs 10,181 crore lying unclaimed. Of these, nearly 7 lakh accounts are older than 20 years, while 1.8 lakh are between 10-20 years old. Nearly 13 lakh inoperative accounts are between 5-10 years old.End of ArticleFollow Us On Social MediaVideosPakistan Tops Global Terrorism Index With Highest Death Toll, Raises Global Alarm‘Was Tortured’: Wife Of Deceased PWC Official Seeks Bhullar’s Arrest Before Post-MortemSanjay Raut Fires ‘Jhola Uthaiye’ Salvo At Narendra Modi Over inflation, Rupee CrashFirst China-Bound Russian Oil Tanker Reaches India After US Sanctions WaiverNarendra Modi Reviews Energy Security As Middle East Crisis Deepens8931 Days In Office: PM Modi Becomes Longest-Serving Head Of Govt Overtaking Pawan Kumar Chamling‘Zelenskyy Regime Core Exporter Of Instability’: Russia Reacts To NIA Arrest Of Ukrainians In India‘Selective Narrative’: 275 Ex-Officials, Judges Slam USCIRF Over ‘Disturbing’ Report On IndiaLPG Tanker ‘Pyxis Pioneer’ With Over 47,000 Tonnes Of Fuel From US Arrives At New Mangalore PortSeveral Injured In Dimona As Iranian Missile Hits Israel’s ‘Little India’; Videos Show Chaos123Photostories5 nutrient-rich vegetable peels you should never throw awayHow to make Dhaba-style Paneer Butter Masala at homeIn pics: India’s sea-based deterrent triad – INS Arihant, Arighaat & AridhamanTV friendships that defined a generation: From ‘Friends’ to ‘The Big Bang Theory,’ the bonds we never got overTOISA 2025 winner list (part 1): Mithali Raj, Shubman Gill, Harmanpreet Kaur, and more win bigConstant urge to pee but little output? A urologist explains what your body might be telling you5 factors to consider before investing in real estateTOISA 2025 celebrates India’s sporting excellence with Smriti Mandhana and Samrat Rana leading the honoursCan’t stop overthinking conversations before bed? What your brain is doing and how to break the cycleWho is Leena Nair? From Kolhapur to leading Chanel’s Rs 360 crore empire123Hot PicksIran newsGautam SinghaniaStrait of HormuzGold rate todayIncome Tax CalculatorPublic holidays March 2026Bank Holidays MarchTop TrendingBihar board result 2026Air India Boeing 77760% free seat ruleQatar LNG ExportsMojtaba KhameneiJames GraceySpring EquinoxDiesel price hike8th Pay CommissionPremium Petrol Price Hike


EPFO reaches out to subscribers with unclaimed balance

NEW DELHI: The Employees Provident Fund Organisation is focusing on getting subscribers to withdraw unclaimed money lying in inoperative accounts.Nearly a quarter of the inoperative accounts, which are Aadhaar verified, may soon get cleared of the idle balances as the EPFO is working to develop an auto-settlement facility which will allow account holders to receive the unclaimed money in their bank accounts without filing for claims, an official told TOI. The facility is slated to deal with nearly 8.1 lakh Aadhaar verified inoperative accounts, amounting to Rs 5,200 crore, of which nearly 14,000 have more than Rs 5 lakh lying unclaimed. Another 38,000 Aadhaar-verified inoperative accounts have Rs 1-5 lakh lying unclaimed, and 41,000 accounts have between Rs 50,000 and Rs 1 lakh. “In the last meeting, the central board of trustees (CBT) cleared auto-settlement of such inoperative accounts, with an unclaimed balance of Rs 1,000 or less, to registered bank accounts. Based on the learnings from this project, a separate initiative is planned to design a strategy for other accounts. Members who joined after Oct 2017 will be given priority,” the official said. An inoperative account in EPFO is one that has stopped earning interest and mainly belongs to members who have retired after 55 years of age and no contribution is made for three years. However, for those under 55 years, the account will keep earning interest until the subscriber turns 58. As of Feb 2026, there were 31.8 lakh inoperative accounts, with Rs 10,181 crore lying unclaimed. Of these, nearly 7 lakh accounts are older than 20 years, while 1.8 lakh are between 10-20 years old. Nearly 13 lakh inoperative accounts are between 5-10 years old.



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File photo NEW DELHI: In a big relief for food businesses, the country’s food regulator has made licences valid for life.Under new rules notified by Food Safety and Standards Authority of India (FSSAI), food licences and registrations will now remain valid permanently, unless cancelled for violations. This means lakhs of restaurants, small eateries and vendors will no longer need to renew their licences every few years. The move is part of a wider overhaul aimed at making compliance easier while tightening actual food safety checks.One of the biggest gainers of the decision would be street vendors. Those already registered under street vending law will now be automatically treated as registered under food safety rules as well, removing the need for multiple registrations and fees.Israel Iran War‘A tremendous mistake’: Trump says he’ll cut spending on Nato over Iran war snubStrait Of Hormuz Standoff: Trump pauses Iran strikes; Tehran tightens oil leverageThe regulator has also simplified how businesses are classified. Units with turnover of up to Rs 1.5 crore will only need basic registration, while bigger businesses will require state or central licences based on size.The new system will come into force on April 1.Inspections, too, are set to change. Instead of routine checks, authorities will now follow a risk-based system: businesses with a good track record will face fewer inspections, while repeat offenders will be checked more closely. Officials say the idea is to reduce paperwork and focus on actual food safety.At the same time, FSSAI has made it clear that there will be no relaxation in hygiene standards, especially for high-risk sectors like dairy, meat and packaged water.With most food businesses coming under ambit of state authorities after the changes, states will play a bigger role in monitoring and enforcement.For small businesses and vendors, the message is simple: fewer licences, less hassle — but stricter checks if rules are broken.End of ArticleFollow Us On Social MediaVideosLearning From Iran War, India Clears Strike Drone Squadrons For Indian Air ForceIndia’s Fourth S-400 System Undergoing Final Trials In Russia, Delivery Expected SoonJag Vasant LPG Vessel Docks At Gujarat Port After Hormuz Passage DelayAdani Delivers 2000 Prahar LMGs Early, Signalling New Speed In India’s Defence Push Forward’Taking Every Step’: PM Modi’s BIG Assurance To Tackle Global Shock Without Hurting CitizensIAF’s Surya Kiran Aerobatic Team Displays India’s Air Power In Stunning Chandigarh Air ShowAmid Tensions, Iran Allows Two Indian LPG Ships Carrying 90,000 MT Fuel To Sail Out Safely’Turned Noida Into ATM For Loot’: PM Modi Blasts Akhilesh Yadav For Delay In Jewar Airport OpeningPakistan’s Terror Links Under Global Lens, US Congressional Report Echoes India’s Claim On TerrorismIndia’s Clears ₹2.38 Lakh Crore Defence Proposals Across Services In Major Procurement Push123PhotostoriesThe love lives of ‘Grey’s Anatomy’: Inside their real-life romancesMomo for dinner: How this can help in reducing inflammation and the right under 20-minute recipe5 countries where euthanasia is legal: Stories of choice, dignity, and debateBroccoli to Dark Chocolate: 6 brain-boosting superfoods for kids to consume daily and the right way to eat themFrom Sania Mirza-Shoaib Akhtar to Sheikha Mahra-Sheikh Mana Al Maktoum: 5 ugly public divorces that shocked the worldLeg cramps, swelling, or heaviness? Doctors decode what your body may be lacking, and simple ways to find reliefCapsicum to Cabbage: 6 vegetables you shouldn’t eat raw and what to do insteadIs everything okay between Kate Middleton and Prince William? Why are they reducing their Royal schedule in AprilPrincess Diana to Grace Kelly: 5 most beautiful royal bridal veils of all time’Harry Potter and the Sorcerer’s Stone’to ‘Harry Potter Deathly Hallows – Part 2’: Plot recap ahead of TV series release123Hot PicksE-chequesIndia-US trade dealNoida International AirportUS Iran WarIncome Tax CalculatorPublic holidays April 2026Bank Holidays AprilTop TrendingTiger Woods CrashBabar AzamH-1B lotteryVaibhav SooryavanshiMadhya Pradesh High CourtRoyal Challengers Bengaluru vs Sunrisers Hyderabad Live ScoreNoelia CastilloUS travel advisoryAnti-vaccine rowH-1B visa

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