Question : Closure of EPF Account

(a)whether the Government purposes to update the house on the number of EPF account closed during the period from 1st April, 2020 to 31st December, 2020 and if so, the Month-wise details thereof;
(b)the details of Month-wise number of accounts with partial withdrawal during the same period; and
(c)the total withdrawal from EPF account for the said period in both the categories and the details of figures of corresponding period during FY 2019-20?

Answer given by the minister

MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI SANTOSH KUMAR GANGWAR)

(a) & (b): The number of Employees’ Provident Fund (EPF) accounts closed during the period from April to December, 2020 is 71,01,929 as per the details annexed.

(c): The details of total withdrawal from EPF account for the said period in both the categories and the details of figures of corresponding period during FY 2019-20 are as under:

April-December, 2020 April-December, 2019
Rs.73498 crore. Rs.55125 crore.

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