New Delhi, July 10 -- Switching jobs may no longer require one of the most time-consuming Employees' Provident Fund (EPF) formalities. The (EPFO) has announced that provident fund balances linked to an Aadhaar-seeded Universal Account Number (UAN) will now move automatically when an employee joins a new organisation, eliminating the need to submit a separate transfer request. The change follows the migration of EPFO's member database to its new Centralised IT Enabled Services (CITES) platform, which is intended to make member services faster and more streamlined.

The automatic transfer facility is expected to benefit employees who switch jobs during their careers and often end up managing multiple EPF accounts. Until now, members had to ...