From April 1, the Employees’ Provident FundOrganisation (EPFO) is expected to implementsignificant changes. Under the new rule, whena subscriber changes job, his or her oldProvident Fund (PF) balance will beautomatically transferred to the neworganisation. This means the EPFO accountholder doesn’t need to request the transfer ofPF amounts when joining a new employer.Previously, despite having a Universal AccountNumber (UAN), individuals had to request thetransfer of PF amounts, leading to unnecessaryhassle.
