EPF account transfer: Now there will be no problem in transferring EPF account, EPFO ​​took this big step

EPFO has removed the condition of employer’s approval in transferring EPF account. In most cases, this will no longer be required. For this, EPFO ​​has made changes in the Form 13 software. This is a big step towards continuously making the use of EPFO’s facilities easier

If you are going to change your job, then there is good news for you. Transferring EPFO ​​account has now become easier. Actually, EPFO ​​has made changes in Form 13. This will not cause any problem in transferring EPF account from one employer to another. It is believed that this will benefit more than one crore EPF subscribers annually. In the private sector, people keep switching from one job to another. After this, they have to transfer their EPF account.

Now there will be no need for approval of destination office

EPFO has removed the condition of employer’s approval in transferring EPF account. In most cases, it will not be required now. For this, EPFO ​​has made changes in Form 13 software. This is a big step towards continuously making the use of EPFO’s facilities easier. Now there will be no need for approval of destination office in EPF account transfer. After the approval of the source office, the EPF money will be transferred to the destination office.

EPF account will be transferred soon

Experts say that this step of EPFO ​​will reduce the time taken for PF transfer. Earlier, when changing jobs, approval of source and destination office was required to transfer PF account to the new company. According to the estimate of EPFO ​​office, this will facilitate the transfer of Rs 90,000 crore annually. Crores of EPFO ​​subscribers will benefit from this.

Companies will also be able to generate bulk UAN

EPFO has also started the facility of generating Universal Account Number (UAN) in bulk. Under this facility, employers (companies) will be able to generate UAN of a large number of employees simultaneously. Employees will not need Aadhaar seeding to generate UAN. Experts say that EPFO ​​is constantly trying to improve facilities not only for its subscribers but also for employees.

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