new delhi close to rs 4000 crore is lying with the employees provident fund organisation epfo in its unclaimed deposit accounts with no takers this is the amount that has not been collected by employees from the organisation after their retirement or change of jobs the total unclaimed money is 13 of total epfo corpus of rs 295 lakh croreepfo operates three retirement benefit schemes employees provident fund epf employees pension scheme eps and employees deposit linked insurance edli all three schemes have account holders who have not claimed their duesat present close to 24 crore epf accounts are inoperative and have not witnessed any fresh deposit in the past four years more than 50 of the unclaimed fund rs 2300 crore lies in these accounts the organisation however continues to pay interest on the amount in these accounts and spends around to rs 200 crore for maintaining these accountsan epfo official said unclaimed money has grown over the years due to inoperative accounts of subscribers who have either forgotten to withdraw their pf or are deliberately accumulating interest on their savings the epf scheme emerged as an attractive savings option in past few years when the market interest rates were low at around 45 and the scheme paid a higher rate of around 8 to 9 postretirement an epfo subscriber can keep his pf account so long as he wishes and continue to enjoy taxfree interest on the deposits some employees also end up have multiple pf accounts as they usually do not get their accounts transferred from one organisation to another