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700,000 Snoozing PF Accounts to Get Cash Back, Big Win!

700,000 Snoozing PF Accounts to Get Cash Back, Big Win!

Listen up, folks! Over 700,000 sleepy PF accounts, each with a staggering Rs 1,000, are getting a glorious cash back! EPFO is cleaning house, refunding a massive Rs 30.52 crore! If your account's been napping for 36 months, wake it up! Money goes straight to your bank if you've linked it with Aadhaar. It’s a tremendous win, believe me!

Quick rundown

  1. EPFO is refunding Rs 30.52 crore from inoperative accounts.
  2. Over 700,000 dormant accounts to receive funds.
  3. Automated refunds require Aadhaar-linked accounts.
  4. EPFO 3.0 aims to streamline member services.
  5. Digital transformation to cut claim processing time significantly.

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