PF Account Transfer Update: If you leave a job and join another company, you will not face problems related to your PF amount. Employees will be able to transfer their PF money easily, so they will not face any issues. EPFO has made the process of transferring the PF account very easy. Now, PF employees will not need to obtain approval from their employer in most cases.

This information was shared through an official statement issued on Friday. The Ministry of Labour and Employment has given this information. What the Ministry of Labour and Employment has said, you can know in the article below.

Read More: Mumbai Indians vs Lucknow Super Giants: Predicted Playing XI and Match Preview

Read More: Monsoon Alert: Rain and Storms Expected in North-West India and Other States

The Ministry of Labour and Employment has shared important information with PF employees. The ministry stated that, to date, two Employees’ Provident Fund Offices are involved in the transfer of provident fund deposits. One of these is the source office from which the PF amount was changed. The second is the destination office, where the amount was finally deposited.

However, now work has been done to simplify this process. EPFO has eliminated the need for approval of all transfer claims in the destination office by introducing the revised Form-13 software system.

Know what the details are

PF has made the transfer process easier for employees. Now, once the transfer claim is approved in the source office, the previous account will be automatically transferred to the current account of the members in the next office. This will fulfil the objective of the convenience of EPFO ​​members. This revised system also allows the division of taxable and non-taxable components of PF accumulation.

This also facilitates the accurate calculation of TDS on taxable Provident Fund (PF) interest. According to the ministry, more than 1.25 crore members are likely to benefit from this. This will enable the transfer of Rs 90,000 crore per year.

Read More: Pahalgam Attack: Government Takes Action Against Pakistan, Pakistani Citizens Ordered to Leave India

Read More: The Jharkhand Board 10th Result 2025 is expected to be released next week, along with the announcement of the toppers’ list.