EPFO PF Transfer New Rule : EPFO gave big news in April, made this important change, these people will get the facility

EPFO PF Transfer New Rule: The automated switch course of permits current EPF members altering jobs to switch their PF stability from their outdated employer to the new employer with out the want for any on-line or offline request. This implies that EPF account switch occurs robotically, eliminating the problem for members.

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EPFO PF Transfer New Rule: Employees Provident Fund Organization (EPFO) has began a handy facility for its members. This new change will robotically switch EPF accounts on change of job.

That means, for those who transfer from one firm to a different, you do not want to switch your first cash your self. He himself will be added to the account of the new firm. However, regardless of this, how and to whom will this facility present comfort?

What is the automated switch course of?
The automated switch course of permits current EPF members altering jobs to switch their PF stability from their outdated employer to the new employer with out the want for any on-line or offline request. This implies that EPF account switch occurs robotically, eliminating the problem for members.

Who can avail this facility?
However, it’s important to notice that this facility is obtainable solely to these EPF members whose EPF accounts, each outdated and new, are maintained by EPFO. Exempt PF Trusts aren’t lined below this automated switch course of.

How to avail the good thing about automated switch facility?

• The UAN and Aadhaar quantity offered by the new employer ought to match the data out there with the UAN.
• The Aadhaar variety of the EPF member needs to be linked and verified with the UAN at the earlier place of employment.
• Information like date of becoming a member of, date of leaving and cause for leaving the firm needs to be out there from the outdated employer.
• EPF member’s UAN needs to be lively and their cellular quantity needs to be lively.

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