Get Interest on Dormant PF Account from 01st April 2016 as per the directive given by Employees Provident fund Organization (EPFO). All the inoperative Provident fund account with EPFO fetch interest.
Inoperative EPF accounts are those where there has been no contribution from either the employee or the employer for 36 months. Generally the PF account get inoperative on account of person switching jobs.
Read : [highlight]What is the Difference Between EPF and EPS ?[/highlight]
It is estimated that over Rs 30,000 crore is stuck in these inoperative accounts. Earlier the Interest on Dormant account was closed by EPFO in year 2011.