Inoperative provident fund a/cs to earn interests from April 1

National retirement fund body Employees Provident Fund Organisation has decided to give interests on inoperative PF accounts with effect from April 1, 2016, reversing a key decision of the previous UPA government in 2011. 

The move will benefit millions of organised sector employees who will start receiving interest payments on their inoperative employees provident fund savings amounting to a total of close to Rs 32,000 crore. Inoperative EPF accounts are those where there have been no ..