EPFO: PF account to automatically get transferred on switching jobs
New Delhi : Days are gone when you had to manually request for a Provident Fund account transfer while switching job. As per latest update, the EPFO account will automatically transferred to your new job place.
"Whenever there is change of job, a lot of accounts are closed; then they (the employees) restart their account later on," chief provident fund commissioner V P Joy said.
"Now we have made Aadhaar compulsory for enrolment. We don't want accounts to be closed. The PF account is the permanent account. The worker can retain the same account for social security," Joy added.