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EPFO Sees 84% Rise in Inoperative Accounts Over Four Years, Average Balance Up 16%
India's EPFO reports an 84% increase in inoperative EPF accounts from 2020-21 to 2023-24, with a 116% surge in unsettled balances. The average amount per inactive account rose by 16% to ₹39,460. Non-filing of claims and KYC updates are cited as primary reasons.
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Economic Times5 Min. Lesezeit