Soon, you won't have to transfer EPF account on job change; here's how

This will ensure that employees no longer have to transfer the money in their provident funds when they change jobs

The Employees' Provident Fund Organisation (EPFO) has approved the development of an IT-enabled system that will allow an employee’s PF account number to remain the same when they change their jobs.

This means that after the change, PF account holders will no longer need to transfer money from their accounts. Currently, as per the EPF rules, once a member changes his/her job, a new EPF account is opened with the new company. The employee is required to transfer the money held in the EPF account with the previous employer to his/her new employer. This can be done online on the