Big update on EPFO ​​before the end of the year. All employees need to know this information, because if you do not do this, your PF money can be completely blocked. Union Labor Minister Mansukh Mandavya has said that currently lakhs of PF accounts are inactive. Now the Center is taking steps to recover that stuck money.

The Center has informed that money has been stuck in many PF accounts for a long time. Many accounts have become inactive. Now the Center has taken steps to recover those accounts. KYC Verification of EPF accounts will be done in a new initiative of the Center. A special digital platform is being brought for this.

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What will be on this platform? Those whose EPF accounts are inactive will be seen here. Along with this, the nominees of the EPF account will also be identified, so that the money deposited in the PF account can be returned to them. But if the KYC is not done, then that money will not be available.

Union Minister Mansukh Mandavya also said that just like the agreement between India and Britain, efforts have been made to bring social security clauses in other countries as well. In this, those working abroad will get the money deposited in the PF after returning to India.