New EPFO Rules for Inoperative EPF Accounts: Key Changes to Combat Fraud
Monday, 5 August 2024, 07:26
EPFO's New Guidelines
The Employees Provident Fund Organisation (EPFO) has introduced new rules aimed at activating inoperative and inactive EPF accounts. These changes are primarily intended to :
- Stop fraud associated with inactive accounts
- Enhance verification processes
- Ensure proper handling of claim requests
Focus on Security
By implementing these new guidelines, the EPFO aims to improve the security and integrity of the Provident Fund system. It is crucial to properly verify all transactions before funds are transferred to accounts.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.