The government ruled out using unclaimed LIC funds (₹7,318 crore) or inoperative EPFO accounts (₹9,330 crore) for other purposes. LIC transfers unclaimed amounts over 10 years to the Senior Citizen Welfare Fund. EPFO plans automatic settlement of Aadhaar-verified inoperative accounts up to ₹1,000 directly to bank accounts.
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Govt Clarifies No Diversion Of Unclaimed LIC, EPFO Funds
