Financial Literacy News: The Employees' Provident Fund Organisation (EPFO) offers a convenient solution for its members when changing jobs: automatic transfer of EPF accounts. Despite its usefulness, this facility remains relatively unknown.
Under the automatic transfer system, the provident fund (PF) balance can be credited to the new employer's account without any action required from the employee.
It goes without saying that those with higher salaries have a competitive advantage their buck goes further. If you're lucky enough to make more than $80,000 per year and have your paychecks.