How to Unblock a Dormant EPF Account and Access Your Savings?

17 Apr, 2024

The Indian government has instituted the Employee Provident Fund (EPF), a retirement savings program tailored for organized sector employees. Administered by the Employee's Provident Fund Organisation (EPFO), this scheme entails monthly contributions from employees towards their EPF accounts. However, in certain circumstances such as retirement, migration abroad, or decease, individuals may find themselves unable to contribute to their EPF accounts for a period of three years or more. Consequently, their EPF accounts transition into dormant or inoperative status. 

EPF account holders now have a straightforward process for unblocking their accounts through the official website. Recently, the EPFO has introduced a new Standard Operating Procedure (SOP) for account unblocking. According to this SOP, individuals must ensure that their KYC (Know Your Customer) details are current before proceeding with unblocking their EPF accounts. This involves verification of the account holder's identity and pertinent documents such as Aadhaar card, PAN card, and bank details. This verification step is crucial as it enhances the security of the user's EPF account. 

Read more at News18

Publisher: Monisha Ponnappa | Bizprout Expert Systems Private limited