May 22, 2025

The Employees' Provident Fund Organisation (EPFO) has announced a significant move to simplify the process of transferring PF accounts from old to new employers. With this change, employees can now easily transfer their PF accounts when switching jobs, eliminating the hassle of withdrawing and re-depositing funds. This initiative aims to streamline the transfer claim process and make it more convenient for employees to manage their PF savings. The EPFO's decision to ease this rule is expected to benefit a large number of workers across various sectors, ensuring a smoother transition for employees changing jobs. By reducing the complexity and paperwork involved in transferring PF accounts, this move aims to promote greater financial security and stability for employees. Through this streamlined process, the EPFO seeks to enhance the overall efficiency of PF transfers and empower employees to seamlessly manage their savings. The simplified transfer claim process reflects EPFO's commitment to improving the ease of doing business for employees, fostering a more conducive environment for workers to access and manage their PF funds effectively.

Read More at Economictimes →

Tags: Epfo, Pf account, Job transfer,