The government has shared fresh updates in Lok Sabha on EPFO 3.0, focusing on how technology is making provident fund services faster and easier for users. From quicker claim settlements to simplified ...
Employees who change their job frequently may find it problematic to transfer their Employees’ Provident Fund account accumulations from the previous employer to the new one. However, with the ...
PF from a Private Trust to EPFO Account: PF is not handled in one single simple system everywhere. Many companies are directly linked to EPFO, but some companies run their own private PF trusts.
The retirement fund body has carried out a KYC analysis of such inoperative accounts, as the pilot phase will see auto-settlement for only KYC and Aadhaar-seeded accounts.
An employee leaving a company-run PF trust can either withdraw PF savings or transfer the balance to the EPFO account with the new employer ...
Members can choose to maintain, transfer or withdraw their savings depending on their destination and employment terms ...