EPFO may launch E-PRAAPTI by August-end: How the new portal can help you trace old or inactive PF accounts
New Delhi, Aug. 5 -- Employees' Provident Fund Organisation (EPFO) subscribers struggling to access old or inactive provident fund accounts may soon get major relief. The EPFO is expected to roll out E-PRAAPTI - a digital platform that will help members trace, link and claim funds lying in old or inactive PF accounts - by the end of August
According to The Hindu BusinessLine, which reported the development on 4 August, the EPFO is currently testing a back-end software upgrade to create a stable national database before launching the platform.
The initiative seeks to address a long-standing problem of unclaimed PF savings. The report said that over 30.91 lakh inoperative EPF accounts, holding nearly Rs.9,330 crore, remain unclaimed.
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