April 8, 2015 8:34 AM

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EPFO updates 15.54 cr PF accounts for 2014-15 on Apr 1

The Labour Ministry has said that Retirement fund body has achieved a milestone in the process of digitising its operations by updating 15.54 crore Provident Fund accounts for 2014-15 in a day. An official release said, it has happened in the history of Employees' Provident Fund Organisation (EPFO) for the first time that accounts of all EPF member accounts have been updated on 1st April itself. Earlier this work used to take years. The Ministry said that it has been found that around seven crore accounts are active and around eight crore accounts are inoperative and 89 lakh accounts are already settled.

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