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The Labour Ministry is set to refund ₹30.52 crore from over 7 lakh inoperative EPF accounts with balances up to ₹1,000. This initiative will see automatic credits to Aadhaar-linked bank accounts without requiring subscribers to file claims or visit EPFO offices.

This refund process is part of a broader reform aimed at modernizing EPFO services and reducing claim settlement times to under three days. The initiative targets accounts inactive for more than 36 months, with plans for future phases to address more inoperative accounts.