Provident Fund transfer on job change to be automated by April 1, 2019 - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Monday, March 18, 2019

Provident Fund transfer on job change to be automated by April 1, 2019

Provident Fund transfer on job change to be automated by April 1, 2019

Subscribers of the Employees Provident Fund Organisation (EPFO) would no longer be required to file the employee provident fund (EPF) transfer claims on changing jobs from the next fiscal ( April 1, 2019) as the process would be made automated, according to a labour ministry official.

At present, EPFO subscribers need to file transfer of EPF claims on changing jobs despite having a universal account number (UAN). 

The new system, which is currently in the testing phase, will be launched in April, 1 - 2019.

Following this, an EPFO subscriber who joins his/her new place of work and the moment the new employer files the monthly EPF return, including the UAN of the new employee, the EPF contributions and interest earned on that would be automatically transferred.
Provident Fund transfer on job change to be automated by April 1, 2019 Reviewed by S Chitra on March 18, 2019 Rating: 5 Provident Fund transfer on job change to be automated by April 1, 2019 Subscribers of the Employees Provident Fund Organisation (EPFO) wou...

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