Home India Ministry of Labour and Employment Parliament Question: Unused Employees Provident Fund...
Date: 2025-08-11 Category: Not Applicable State: Union Government Country: India

Parliament Question: Unused Employees Provident Fund

Issued by Ministry of Labour and Employment · Not Applicable

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Executive Summary & Key Takeaways

**Summary:** This document summarizes the Ministry of Labour and Employment's response to Lok Sabha Unstarred Question No. 3625, addressed on August 11, 2025, regarding unused Employees Provident Fund (EPF). The Minister of State for Labour and Employment, Sushri Shobha Karandlaje, clarified that the Employees Provident Fund Organization (EPFO) does not categorize any EPF amount as "disputed." As of March 31, 2024 (unaudited), the total corpus of the Employees Provident Fund Scheme, 1952, stood at Rs. 15,58,998.63 Crore. The year-wise contribution deposits to the EPF scheme for the past three years are as follows: Rs. 1,62,980.21 Crore in 2021-22, Rs. 1,91,116.66 Crore in 2022-23, and Rs. 2,10,836.11 Crore in 2023-24 (unaudited). The average annual deposit over these three years is Rs. 1,88,310.99 Crore. The accounts for the year 2024-25 have not yet been compiled.

Key Entities Referenced

MINISTRY OF LABOUR AND EMPLOYMENT: A ministry within the Government of India responsible for labour and employment policies. LOK SABHA: The lower house of the Parliament of India. SHRI MALVINDER SINGH KANG: A member of Lok Sabha who raised the question about Employees Provident Fund. SUSHRI SHOBHA KARANDLAJE: Minister of State for Labour and Employment who provided the answer to the question. Employees Provident Fund Organization: An organisation responsible for managing the Employees' Provident Fund scheme. Employees Provident Fund Scheme, 1952: A social security scheme in India that provides financial security to employees after retirement. 2021-22: Financial year for which the Employees Provident Fund deposit is mentioned. 2022-23: Financial year for which the Employees Provident Fund deposit is mentioned.
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GOVERNMENT OF INDIA MINISTRY OF LABOUR AND EMPLOYMENT LOK SABHA UNSTARRED QUESTION NO. 3625 TO BE ANSWERED ON 11.08.2025 UNUSED EMPLOYEES PROVIDENT FUND 3625. SHRI MALVINDER SINGH KANG: Will the Minister of LABOUR AND EMPLOYMENT be pleased to state: (a) whether it is a fact that a huge amount of Employees Provident Fund is lying unused due to being disputed; (b) if so, the details thereof; (c) the details of the total deposit in the said fund; and (d) the average annual amount deposited in the fund during the last three years and the current year, year-wise? ANSWER MINISTER OF STATE FOR LABOUR AND EMPLOYMENT (SUSHRI SHOBHA KARANDLAJE) (a) to (d): Employees’ Provident Fund Organization does not classify any amount as ‘disputed amount’. The total Corpus of Employees’ Provident Fund Scheme, 1952 as on 31-03-2024 is Rs.15,58,998.63 Crore (un-audited). The year-wise contribution deposit Employees’ Provident Fund Scheme, 1952 in the last three years are as under:- (Rs in crores) Year Amount 2021-22 1,62,980.21 2022-23 1,91,116.66 2023-24* 2,10,836.11 *un-audited The Accounts for the year 2024-25 have not been compiled. The average of three years is Rs.1,88,310.99 Crore. *****

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