Government Reveals Millions of Inactive Employees Provident Fund (PF) Accounts in India

Every employed person invests money from their salary in the Employees Provident Fund i.e. PF account. This money comes in handy on retirement, but if someone needs money for emergencies in the middle, then he can use the money in this account. But do you know that there are millions of Inactive PF accounts in the country which have been lying dormant for a long time. Actually, this monsoon session is going on in Parliament and this information about the PF account was shared by the government. Let us know what the government has revealed about these stalled accounts and what is the big reason behind this. Minister of State for Labour and Employment Shobha Karandlaje gave full information about these inactive PF accounts during a written reply in the Rajya Sabha. These figures came up in a reply to MP Neeraj Dangi's question.