Financial Daily from THE HINDU group of publications
Friday, Apr 22, 2005
Financial Daily from THE HINDU group of publications Friday, Apr 22, 2005 |
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Opinion
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Letters Settling unclaimed deposits
Whenever an employee fails to settle his EPF account within three years of retirement from service, the amount goes into the Unclaimed Deposit Account (UCD). It should be the duty of the EPFO to duly inform the employee and/or member of his family of the amount in the UCD. The EPFO must publish, once in six months, the list of unclaimed deposits, quoting the name of the company, PF account number, the member's name and the amount in the UCD so that employers can contact such employees and inform them of the status of their settlement. V. Sundarlingam Vellore
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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