A quick rundown on how to claim ‘unclaimed’ EPFO money

There may be substantial sums of money in your EPFO account even after withdrawal or settlement of your claim. Here’s a quick rundown on how you can claim unaccounted EPFO money

In the ongoing crusade to find out more about the way the Employees Provident Fund Organisation (EPFO) really works, I have been contacted by present, ex-employees and several others who are proving to be a great source of information, as long as their identities are kept confidential.


You can read the earlier piece on EPFO here.


One interesting fact that has been reconfirmed concerns those who have withdrawn their Provident Fund (PF) money as part of a claim, at any time in the past, literally from the inception of the EPFO onwards. It seems that the EPFO had an interesting way of calculating the balance and interest. They often accounted for money in your accounts till the end of the previous financial year only. Anything after that by way of interest earned, or contributions deposited by your employers, was kept in your account or in a suspense account of some sort. This is where it either languished forever, or was quietly siphoned out. There are several reasons for this:


  • The claimant had already pre-signed a blank pre-receipt with a Re1 revenue stamp.
  • The claimant did not know that even after ‘settlement’ there was money accruing in the PF account—as interest earned on balance and interest “not claimed”
  • The EPFO chose not to make any public announcements on this subject
  • There is no provision in the EPFO for anything but a ‘claim’ by a claimant
  • Being a retirement benefit in most cases, original contributors often did not have the wherewithal to fight it out
  • If the original contributor had passed away, then establishing bonafides as the claimant was difficult, if not impossible
  • Any enquiries on this were brushed aside with the answer that this was probably service charges or taxes deducted
  • This “left behind” money has long been considered a perquisite by certain people


To give an example, let us say your last date of service was 30 June 2005. By the time you claimed for settlement of both EPFO contributions and pension it was anytime between end 2005 and early 2006, maybe even later. Your forms were, as usual, pre-receipted blank.


This is what, most likely, would have happened:


  • Interest earned would typically have been calculated as on amount in your balance on 31 March 2005. Or the 31 March of the year preceding the date of claim. Some interest earned would not have been credited to your account at time of settlement
  • EPFO contributions for the last few months of service may or may not have been credited into your account till date of settlement with you. Transfers from other EPFO accounts may not have taken place. This happens often too. This amount would also then flow into your account, and linger there, earning interest
  • The EPFO itself may have declared bonus interest earned for some financial year period, before or after withdrawal, which also would then flow into your EPFO account


Viewed dispassionately, and taking into account the manual calculations of the “least loss to EPFO” sort, it is not surprising that there are varying sums of money in EPFO accounts that by rights have had claimants already go through ‘settlements’. As of now, they continue to also earn interest and in all likelihood also remain tax-free on principal and interest earned. The interest earning element will discontinue if there has been no fresh contribution for three years.


If you are, or have been, an EPFO claimant, or are a direct heir/nominee of an EPFO claimant, what do you need to do?

  1. If you do not have the EPFO account number of the claimant, file a Right to Information (RTI) query to the EPFO office, with as much detail as you can. Simultaneously, also approach the employers where the person worked, for details
  2. Armed with these details, file a second RTI on the relevant EPFO office seeking current balance in both Provident Fund as well as Pension accounts. Ask the EPFO to provide you with certified copies of this information
  3. Once you discover that there is indeed some amount of money still lying in your EPFO account, file a claim form

Currently, the EPFO, in its wisdom, does not have a specific form for this sort of a secondary claim. It has been suggested by ex-employees that you file the relevant Form 19 (if the contributor is alive) or Form 20 (if contributor is deceased/incapable) and enclose a copy of the information on balance received by RTI application, along with a simple letter explaining why this is being claimed again. If the relevant EPFO office rejects the claim, then file it on the EPFO HQ by registered post and follow up using a judicious mix of the public grievance portal ( as well as an RTI query.


Good luck.


(Veeresh Malik had a long career in the Merchant Navy, which he left in 1983. He has qualifications in ship-broking and chartering, loves to travel, and has been in print and electronic media for over two decades. After starting and selling a couple of companies, is now back to his first love—writing.)





4 years ago

I filed an RTI to know the monthly statement of account and interest computation for an EPF account that I transferred to my new EPF account but the EPFO has a standard reply that they cannot provide monthly statement of account.

I don't understand why it is not possible for the EPFO to provide monthly statement of account. I think this is because they want to hide what is described in this article.


Veeresh Malik

In Reply to Sriram 4 years ago

Dear Sriram, agreed, EPFO appears to have lots to hide, and it is our job to unearth it.

For monthly calculations, they had put up an online passbook scheme, but that seems to have not surfaced.

What you can do is file an RTI asking for total amount and all calculations, entries, computations till 31st of March of the latest FY, in this case, 31mar2012.

That way atleast you have a fixed reference point to start from.

Same advice good for everybody else - place an RTI application seeking balance, interest, charges, computations from inception till 31st March 2012 to start with and secure the same.

Best of luck/VM


4 years ago

Excellent Useful Information for all Employees of Public/ Private Sector with EPF account. Many Thanks for guidance to all.


Veeresh Malik

In Reply to NSriramamurty 4 years ago

Dear N. Sriramamurthy, you are welcome - and this is even more useful information for retired people or heirs of deceased people who have already claimed their EPFO fund and pension - because some amount will still be lingering in their EPFO accounts, ostensibly "unclaimed". Since there is no provision for automatic settlement of excess amounts, a fresh claim after an RTI application will need to be made. Please encourage all retired people and family members of deceased people to file this.


Sushila Pursnani

4 years ago

There may be thousand's who can reclaim. Instead of individuals filing for RTI, can the investigations not be converted into a PIL? and the regulator puting the information in public domain.

How does one get hold of the account number if not known?

How one goes about dealing with funds lying with PF trust of employers?


Veeresh Malik

In Reply to Sushila Pursnani 4 years ago

Sushila ji, thank you for writing in.

I do agree that something like a PIL or similar needs to be filed, or a reference made to the CAG.

Getting hold of an EPFO number if not known is difficult but not impossible and explained in the article itself.

The issue of private provident funds is easier, if the company or it's successors are still around. Please ask the company and also file an RTI application with the ministry of labour as well as with the EPFO HQ.

best of luck. Bit of a long haul but can be done.



Talking to Finance Ministry to launch inflation-indexed bonds: RBI

The move may also help balance trade imbalances as gold import has been jacking up trade deficit which in turn increases current account deficit

Mumbai: The Reserve Bank of India (RBI) is in talks with the Finance Ministry for launching inflation-indexed bonds, which can help reduce physical demand for gold, its Deputy Governor HR Khan said, reports PTI.


The move can also help balance trade imbalances as gold import has been jacking up trade deficit which in turn increases current account deficit.


"We are talking to the Finance Ministry to launch inflation-linked bonds, which can help reduce the demand for physical gold," Khan told the FICCI-organised Asian Financial Cooperation Conference.


The move can also help arrest imported inflation in the light of the steep fall in the rupee. Typically, according to experts, a 10% fall in the rupee leads to a 100 basis points or 1 percentage point spike in inflation.


The rupee has lost nearly 7% this fiscal after losing nearly 18 percent in the last calendar year.


It can be noted that last year the country imported 969 tonne gold, which contributed to record current account deficit of 4.2%.


This year, however, there is some taming in gold import demand and according to the World Gold Council, this is likely to slide to 800 tonnes, thus losing the years of gold-demand dominance to China by a whisker this year.


Both the RBI and the government have been taking steps to reduce gold demand through a series of measures.


As gold imports touched a record high last year, pushing up the current account deficit to a historic high of 4.2% in the year, the Reserve Bank has unveiled a slew of curbs on gold purchase and financing.


This spike in gold demand was in spite of the record price rally that metal witnessed last fiscal. .


In April, the RBI brought down the loan to value or LTV that gold loan companies could offer to just 60% of the market value, from a high of 85-90%. In the 30th October credit policy, the RBI banned banks from offering loans to gold loan companies and NBFCs for buying gold.


The government on its part had increased the import duty on gold in the Budget.


RBI had also advised banks to not extend loans for purchase of gold.


Addressing the annual banking conference in Pune last Saturday, another deputy governor Subir Gokarn had said there was an urgent need to "dematerialise" gold like any other financial product, which could help reduce physical imports of the precious metal that is in turn leading to the current macroeconomic stress.


"High gold import is creating some macroeconomic stresses and so the challenge is to find ways to replicate the financial characteristics of gold without necessarily causing physically importing," Gokarn had said.


Gokarn had also said an RBI working group head by KUB Rao would shortly submit a report on the ways to deal with the problem arising from high gold imports on the macroeconomic front in the form of balance of payments.


Gokarn had said while global gold output has stayed stable at around 4,000 tonne per year, domestic consumption has doubled to 1,000 tonne annually since 1999, despite a massive rally in the prices.


Last fiscal there was a 39% rise in gold imports and in gross terms, constituting 80% of the CAD of 4.2% of GDP. Net gold import constituted 1.8-2.4% of GDP.




4 years ago

Gold import is a symptom. Bad governance is the disease.

They need to treat the disease, not the symptom.

Hyderabad police arrests two hackers from Noida

Police arrested two hackers from Noida for allegedly duping several persons of Rs72 lakh through internet banking

Noida: A police team from Hyderabad has arrested two hackers from Noida for allegedly duping several persons to the tune of Rs72 lakh through internet banking, reports PTI.


The accused, identified as Jalaludin and Shobit, have confessed to their involvement in the crimes, an official said.


The duo was taken to Sector-20 police station here before being taken to Hyderabad.


Their location was traced by the police team through electronic surveillance and cyber connectivity details, they said.


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