A large number of employees in the country have open accounts in EPFO. In this, money is deposited on behalf of the employee and the company. If you also have an account open in the Employees Provident Fund Organization (EPFO), then this is good news for you.
The news is that a new rule has been implemented by the Employees Provident Fund Organization. Under the new rules implemented on April 1, as soon as the EPF account holder changes his job, his old PF balance will be transferred to the new account.
Its benefit will be that after changing jobs, you will not need to transfer your old PF balance to the new account, rather it will be automatically transferred. This new rule of the Employees Provident Fund Organization will prove to be very useful for the employees. They will not have to face any problems.
PC: cnbctv18
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