Oct 17, 2024
EPF transfer is the process of transferring the EPF account from one employer to another. Here are some key points to consider:
Process: EPF transfer can be done online by visiting the EPFO portal and submitting the transfer claim form.
Benefits: EPF transfer helps in consolidating the EPF accounts and avoids the hassle of withdrawing and reinvesting the savings. It also ensures that the EPF balance is not lost during the job change.
It is important for every employee to transfer their EPF account during job change to ensure a consolidated and secure retirement savings.