Employees Provident Fund sets up online Help Desk to trace holders of over 8 crore Inoperative accounts which have accumulated Rs. 27,000 crore in them as efforts are being made to reconcile all these accounts within a year.

With a balance of Rs 27,000 crore lying in inoperative PF accounts, retirement fund body ‘Employees Provident Fund Organisation’ or the EPFO on Wednesday set up an on-line help desk for subscribers to trace such accounts and seek final settlement.

There are about 8.15 crore inoperative provident fund accounts.

Inaugurating the on line help desk, Minister of State for Labour and Employment Bandaru Dattatreya said, it would encourage the members to seek quick settlement of their accounts.

The new scheme, which would significantly streamline the process, would be launched in a month or so.

The inoperative accounts are those accounts wherein the contribution has not been received for 36 months.

EPFO had stopped payment of interest to such accounts from April 1,2011.