As per a CAG report submitted in the Parliament, there are 2948.11 crore EPF deposits unclaimed with the Employees Provident Fund Organisation (EPFO) as in 2011-12. The number was 332.14 crore in 2006-07. It has been increased ninefold by this time.
There may be many reasons for the unclaimed deposits. But the EPFO and the government have to find out why they are not claimed and what is to be done with the same.
people are tired of cumber sum process involved in claiming and it is difficult to track that is why there was a scam in UP in epf with the advent of online facilities it may reduce