Lok Sabha Question No. 3022 (UNSTARRED), answered on 2021-03-15
Subject: Closure of EPF Account
Ministry: LABOUR AND EMPLOYMENT
Asked by: Abdul Khaleque

## GOVERNMENT OF INDIA

## MINISTRY OF LABOUR AND EMPLOYMENT

## LOK SABHA

UNSTARRED QUESTION NO. 3022

TO BE ANSWERED ON 15.03.2021

## CLOSURE OF EPF ACCOUNT

3022. SHRI ABDUL KHALEQUE:

Will  the  Minister  of  LABOUR  AND  EMPLOYMENT  be  pleased  to state:

- (a)whether  the  Government  purposes  to  update  the  house  on  the number of EPF account closed during the period from 1st April, 2020 to 31st December, 2020 and if so, the Month-wise details thereof;
- (b)the details of Month-wise number of accounts with partial withdrawal during the same period; and
- (c)the  total  withdrawal  from  EPF  account  for  the  said  period  in  both the  categories  and  the  details  of  figures  of  corresponding  period during FY 2019-20?

## ANSWER

## MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT (SHRI SANTOSH KUMAR GANGWAR)

- (a) & (b): The number of Employees' Provident Fund (EPF) accounts closed during the period from April to December, 2020 is 71,01,929 as per the details  annexed.
- (c): The  details  of  total  withdrawal  from  EPF  account  for  the said  period  in  both  the  categories  and  the  details  of  figures  of corresponding period during FY 2019-20 are as under:

| April-December, 2020   | April-December, 2019   |
|------------------------|------------------------|
| Rs.73498 crore.        | Rs.55125 crore.        |

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ANNEXURE  REFERRED  TO  IN  REPLY  TO  PARTS  (a)  &  (b)  OF  LOK  SABHA UNSTARRED QUESTION NO. 3022 FOR 15.03.2021 BY SHRI ABDUL KHALEQUE REGARDING 'CLOSURE OF EPF ACCOUNT'.

| 2020           | 2020                         | 2020                                       | 2019                         | 2019                                       |
|----------------|------------------------------|--------------------------------------------|------------------------------|--------------------------------------------|
| Month          | Number of EPF Account Closed | Number of Accounts with Partial Withdrawal | Number of EPF Account Closed | Number of Accounts with Partial Withdrawal |
| April          | 2,30,593                     | 13,43,278                                  | 7,69,221                     | 5,44,261                                   |
| May            | 4,62,635                     | 10,52,098                                  | 8,37,976                     | 6,21,298                                   |
| June           | 6,22,856                     | 12,96,415                                  | 7,21,575                     | 5,41,181                                   |
| July           | 8,45,755                     | 15,57,853                                  | 8,73,249                     | 6,98,129                                   |
| August         | 7,77,410                     | 11,81,265                                  | 7,72,128                     | 6,26,071                                   |
| September      | 11,18,517                    | 16,66,191                                  | 6,86,252                     | 5,23,035                                   |
| October        | 11,18,751                    | 16,58,037                                  | 6,13,631                     | 5,13,117                                   |
| November       | 9,54,158                     | 14,42,020                                  | 6,67,362                     | 6,71,040                                   |
| December       | 9,71,254                     | 15,74,963                                  | 7,25,169                     | 7,04,752                                   |
| April-December | 71,01,929                    | 1,27,72,120                                | 66,66,563                    | 54,42,884                                  |

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