Your PF account will be transferred automatically when you switch to a new job

A Times of India’s report states that from September, the Provident Fund of the present organisation will be transferred to the subsequent office that is joined, automatically.

V P Joy, the chief Provident fund commissioner, stated said, “Aadhaar has been made compulsory for enrollment and we don’t want the closure of any accounts. As the PF account is the permanent account, the employee, for social security, can retain the same account.

To make this process more employee-friendly, the commissioner of the Provident fund, is taking a lot of initiatives in the Employees’ Provident Fund Organisation (EPFO). However, retirement fund body faced a major challenge regarding the premature closure of accounts whenever the employee changes a job.