Automatic EPF transfer after changing jobs: Things to check before your balance is moved to the new account
New Delhi, July 19 -- Earlier switching jobs meant going through a separate process to transfer your provident fund balance from your old employer to the new one. This involved paperwork, potential delays and in some cases, issues with multiple UAN.
To make the process easier, EPFO has introduced automatic PF transfers for eligible members. This benefit is available to Aadhaar-linked and KYC-compliant Universal Account Number (UAN) holders when they switch jobs.
This provision is significant as it eliminates the need to submit separate transfer applications, thus reducing paperwork and additional hassle. Previously, transfer of PF accounts also required approvals from the older employer, the new employer, as well as the EPFO office.
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