Economy, Banking and Finance · 1 May 2026

Employees’ Provident Fund Organisation (EPFO) to launch E-PRAAPTI portal for inoperative accounts

Exam-focused facts from the 1 May 2026 current affairs briefing.

Key facts

  • The Employees’ Provident Fund Organisation (EPFO) is launching the E-PRAAPTI (EPF Aadhaar-Based Access Portal for Tracking Inoperative Accounts) portal to enable members to access inoperative accounts through Aadhaar-based authentication.
  • The E-PRAAPTI portal will facilitate the identification, tracking, Universal Account Number (UAN) linking, and activation of old EPF accounts, specifically for members without a UAN or those with physical accounts.
  • The portal will initially operate on a member ID basis and will later expand to include members who cannot recall or access their old member IDs.
  • As of March 31, 2025, the EPFO has 31.83 lakh inoperative accounts amounting to ₹10,181 crore, excluding international workers.
  • The EPFO’s Central Board of Trustees has approved the auto-settlement of inoperative accounts with an unclaimed balance of ₹1,000 or less to registered bank accounts.
  • An EPF account is treated as inoperative if no contribution is received for a continuous period of three years after the member attains 55 years of age or from the date of retirement, whichever is later.
  • The EPFO has a consolidated corpus of over ₹28.34 lakh crore, with 27.05 lakh establishments under its purview and 34.63 crore members.
  • The EPFO settled a record 8.31 crore claims in 2025-26, compared to 6.01 crore in FY25.
  • In 2025-26, 5.51 crore claims were for advance or partial withdrawals, of which 71.11% were processed in auto mode.
  • For the current financial year starting April 1, 61.03 lakh claims have been settled, with 98.7% of total claims settled in less than 20 days.