Starting April 1st, the EPFO has rolled out an automatic transfer system for your provident fund balance i.e. when you switch jobs, your old Provident Fund balance will now be automatically transferred to your new employer.
This means EPFO will now automatically credit your PF balance to your new employer's account, you don’t have to put in manual requests when joining a new organisation.
#epfo #epfonewstoday #pf #providentfund #personalfinance #bankbazaar