EPFO has given many facilities to the member to withdraw money from the inoperative account. It has an inoperative helpdesk. With the help of this helpdesk, you can withdraw money from the inactive PF account.
It often happens that if the company is closed or an employee sits vacant for many years, then his PF account becomes inactive. It is called inoperative account in English (pf inoperative account). It cannot be called completely closed because the PF account gets activated again as soon as the job is joined. But if the company is closed then this account also gets closed. In such a situation, people withdraw money from the idle PF account of that company. EPFO has told its special method. Money can be withdrawn from PF account using this method.
According to the rules of EPFO, if money is not deposited in a PF account for 3 years, then that account goes into inoperative mode. Interest accrues on such account for 3 years. After 3 years EPFO does not pay interest in that account. In such a situation, it is advisable to withdraw this money. Even if the account holder dies within 3 years, the money deposited in it can be withdrawn.
EPFO has given many facilities to the member to withdraw money from the inoperative account. It has an inoperative helpdesk. With the help of this helpdesk, you can withdraw money from the dormant PF account. Let us know about its different steps.
Step 1- First of all go to http://103.194.45.139/INOPHelpDesk/jsp/submitDescription.jsp and enter the problem related to your Inoperable account
Step 2- After this click on Next and give information about the company
Company Code PF Account Number Company Name Company Address Company Details Like State, District, Pincode Joining & Exit Date PF Office Name
Step 3- On the next page give all your personal details including KYC details
Step 4- After giving all the details you will get a reference number. Keep this reference number handy as it will come in handy in future
What is Inactive EPF Account
Dormant account is also called inoperative or dormant account. Account inactive happens in many circumstances. For example, if someone joined another company, but did not transfer the account to the new company and forgot it, then later that account becomes inactive. Interest will be available on this account for 3 years and not after that. If this money is not claimed for several years, then it will be transferred to the Senior Citizens Fund. For this, EPFO has created a helpdesk from where members can get information about their withdrawal or claim. If there is no proper paperwork on your part to withdraw that money, then the helpdesk tells about it.
