New Delhi, July 14 -- EPFO has made it easier for employees to transfer their provident fund balance after they switch employers. The entire process is expected to become automatic for Aadhaar-linked and KYC-compliant Universal Account Number (UAN) holders, the retirement body said on its website.

The introduction of 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 required approvals from the previous employer, the new employer, as well as the EPFO office.

However, the transfer does not happen immediately after you join a new company. Under the Employees' Provident Fund Organisation (EPFO)'s new mechanism, ...