EPFO PF Transfer New Rule: The automatic transfer process enables existing EPF members changing jobs to transfer their PF balance from their old employer to the new employer without the need for any online or offline request. This means that EPF account transfer happens automatically, eliminating the hassle for members.
EPFO PF Transfer New Rule: Employees Provident Fund Organization (EPFO) has started a convenient facility for its members. This new change will automatically transfer EPF accounts on change of job.
That means, if you move from one company to another, you do not need to transfer your first money yourself. He himself will be added to the account of the new company. However, despite this, how and to whom will this facility provide convenience?
What is the automatic transfer process?
The automatic transfer process enables existing EPF members changing jobs to transfer their PF balance from their old employer to the new employer without the need for any online or offline request. This means that EPF account transfer happens automatically, eliminating the hassle for members.
Who can avail this facility?
However, it is important to note that this facility is available only to those EPF members whose EPF accounts, both old and new, are maintained by EPFO. Exempt PF Trusts are not covered under this automatic transfer process.
How to avail the benefit of automatic transfer facility?
- The UAN and Aadhaar number provided by the new employer should match the information available with the UAN.
- The Aadhaar number of the EPF member should be linked and verified with the UAN at the previous place of employment.
- Information like date of joining, date of leaving and reason for leaving the company should be available from the old employer.
- EPF member’s UAN should be active and their mobile number should be active.
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