The record
Written from the 1 report below. Nothing here is unsourced.
- The Labour Ministry has traced 1.18 lakh inactive EPFO account holders out of 7.11 lakh who have balances of ₹1,000 or less lying unclaimed, and will refund the money automatically without any application from them.
- C-DAC is upgrading software to enable auto-credit of funds directly into subscribers' verified bank accounts, with the process expected to be ready by end of August 2026 following a pilot approved by Minister Mansukh Mandaviya.
- If the pilot succeeds, the Ministry plans to extend automatic refunds to another 24.76 lakh subscribers holding more than ₹1,000.
- Overall, ₹10,903 crore lies unclaimed in 31.86 lakh EPF accounts, so the effort aims to return workers' legitimate dues without physical intervention.
What to watch next
- Whether the auto-refund software upgrade by C-DAC is completed and the pilot begins by end of August 2026
- Whether the scheme is extended to the 24.76 lakh subscribers with balances above ₹1,000
- Progress in reducing the total unclaimed amount of ₹10,903 crore across 31.86 lakh accounts
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Named India · Centre for Development of Advanced Computing · Employees' Provident Fund Organisation · Mansukh Mandaviya · Ministry of Electronics and Information Technology · Ministry of Labour and Employment
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