New Delhi, July 13 -- EPFO has made it easier to transfer provident fund balance after making the process automatic for Aadhaar-linked, KYC-compliant Universal Account Number (UAN) holders when they switch jobs.

The introduction of this feature is significant as it eliminates the need to submit separate transfer applications and thus reducing paperwork. Previously, transfer of PF accounts required approvals from the previous employer, the new employer, as well as the EPFO office.

However, the announcement leaves one key question unanswered on whether the new system also benefit employees who changed jobs months or even years ago and never transferred their old PF balance. So far, the Employees Provident Fund Organisation (EPFO) has not ...