It will be easy to transfer PF money by joining a new job. EPFO has changed this rule

Provident Fund (PF) is an important saving for private work employees. It is not only a support for their age, but also in the state of emergency. However, if an employee leaves one job and goes to another company, he must have many trouble transferring his PF account. Especially if the service dates of the old and new jobs get a minor overlap. But now the Employee Provision Organization (EPFO) has taken a big step to overcome this problem associated with PF transfer. EPFO has made it clear that no employee’s PF transfer claim will be rejected from now on due to the overlap in service dates. What was the problem in PF transfer? If an employee joins a new job and wants to transfer the balance of his old PF account, he must complete the transfer -claim form. This process is done online, but sometimes there is a minor difference or overlap in the service dates of the old and new business, as the dates of one or two days appear together. In such a situation, the PF transfer claim was rejected, which caused the employee a lot of problems. EPFO’s new circular: Now the transfer claim will not be the rejected EPFO ​​that recently released the new circular: If two businesses in service dates overlap, the transfer claim will not be rejected. In such cases, the local EPFO ​​office concerned was instructed to transfer the process without rejecting or returning the claim. In such cases, only in the same cases will be sought, where the situation of overlap is truly complicated or suspicious. Employees will benefit from this new decision of EPFO, millions of private employees will benefit. The process of PF transfer while changing the job will now be faster, easy and transparent. With this, employees will be able to safely transfer their PF balance to the new company account. This step promotes digitalization and reflects the reliability and user -centered approach of the EPFO. How to transfer PF? Go to EPFO’s United Member Portal. Log in with UAN and password. Go to the ‘Online Services’ TAB and select ‘one member -one EPF account (transfer request)’. Fill in the information of the old and new company and submit the application via OTP. Conclusion: This is a welcome step to facilitate the PF transfer process by EPFO. This will provide relief to crores of private sector employees and their biggest concern, while jobs change – PF -transfer – will now become history. If you like, a YouTube script, Instagram catrols or grandchildren can also be prepared if you want. Tell me in what format?