EPFO Simplifies PF Account Transfer Process

Retirement fund body EPFO has simplified the process of transferring PF accounts on job change by removing the requirement of approval from an employer in the majority of the cases, an official statement said on Friday.

- Press Trust of India

NEW DELHI:

Till now, the transfer of Provident Fund (PF) accumulations involved two Employees' Provident Fund (EPF) offices—the Source Office, from which the PF amount was transferred, and the Destination Office, where the amount is finally credited, the ministry of labour & employment said.

Now, with an aim to further simplify the process, EPFO has removed the requirement of approval of all transfer claims at the Destination Office by launching a revamped form 13 software functionality.