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provident fund information

EPF account transfer: How does the system of shifting provident fund balances work

10 April 2024 by Admin
EPF account transfer: How does the system of shifting provident fund balances work

The Employees’ Provident Fund Organisation (EPFO) has a system in place that can simplify the process of transferring provident fund (PF) balances after changing jobs. Before this, employees changing jobs had to manually request a transfer of their PF balance to their new employer’s account. Under the automatic transfer system, the PF balance can be credited … Read more

Categories Economy Tags Aadhaar numbers, activated UAN, automatic transfer, automatic transfer system, employees provident fund organisation, EPF account transfer, epfo, member details, Ministry of Labour and Employment, new employer's account, passbook, PF balance, provident fund information, SMS and email notifications, transferring PF balances, UAN, Unified Portal, unique number, Universal Account Number, verified Aadhaar number Leave a comment

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