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.
Automatic EPF account transfer: Employees Provident Fund (EPF) members can now automatically transfer their provident fund accounts from their old employer to new employer. However, this facility is available to certain EPF members only satisfying certain conditions. Read on to know to whom automatic EPF account transfer facility is available and how it works.
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An individual who has applied for higher EPS pension can now check the status of it on the EPFO s member sewa portal. It may happen that an individual s higher pension application is stuck either due to wrong rejection by the employer or it is yet to be reviewed. What are the options an employee has in this case.
Many salaried workers make monthly contributions to the Employees Provident Fund (EPF) account knowing that the account will mature at the time of retirement. However, not many people are aware of the finer details of the scheme. How long money can be kept in the EPF account after leaving job? If an interest will be earned on those EPF accounts.