Now, PF funds will be transferred to the new account as soon as you change jobs; EPFO ​​has eliminated this hassle.

New EPFO ​​Transfer Rules: The government has implemented new rules for the EPFO. Now, simply change jobs, and your PF transfer will occur automatically. No hassle of filling out forms, no waiting.

Have you ever imagined that your old PF funds would automatically transfer to your new account without any hassle as soon as you change jobs? Now, this dream is about to become a reality. By 2025, the EPFO ​​is preparing to implement a system in which employees will neither have to fill out any forms nor wait for months. Simply change jobs, and the funds will automatically be transferred to the new employer's account. Everything will happen with a single click. Let's find out how this will happen.

Balance will be automatically transferred as soon as you change jobs.

The hassle of PF transfers upon changing jobs is about to end. The Employees' Provident Fund Organization (EPFO) has launched a new automatic transfer system, which will be fully implemented by 2025. This means that whenever an employee joins a new job, their old PF balance will automatically be transferred to the new employer's account. No forms will be required, nor will there be any need to visit the old office.

What was the process before?

Previously, employees had to fill out Form 13. Funds were transferred only after verification from both the old and new employers. This entire process took one to two months, and claims were often rejected. According to EPFO ​​data, millions of claims remained pending for long periods each year, resulting in a loss of interest.

The potential for fraud will be eliminated.

The new automatic transfer system will now completely eliminate this problem. The EPFO ​​says it will benefit more than 100 million employees. A senior official stated that this system will be completely digital and paperless. This will not only speed up the process but also reduce the risk of fraud by transferring based on the UAN.

Employees will now benefit from these benefits:

1. Time will be saved, as the transfer will now be completed automatically within a few days.

2. There will be no need to upload any documents.

3. Interest will continue to accrue, meaning there will be no loss of interest, whether the money is transferred or in any other process.

4. The entire amount will be available in one place at the time of retirement, making financial management easier.

5. Job switching will become easier and safer, especially for private sector employees.

EPFO stated that this system will be fully implemented by the first quarter of 2025. The organization has urged all employees to activate their UAN now to avoid any problems with the transfer.

How to activate UAN

The process of UAN activation is also very simple. Go to the EPFO ​​member portal (https://unifiedportal-mem.epfindia.gov.in) and click on the Activate UAN link. Then, enter your UAN, name, date of birth, Aadhaar number, and mobile number. Verify with the OTP received on your mobile number and set up login credentials. Once activation is complete, employees can perform all tasks online, including checking their PF balance, claim status, and KYC updates.

The EPFO ​​is moving towards fully digitizing the PF system. PF withdrawals are also planned to be automated in the coming months. If an employee has an old UAN, they should update it immediately through the app or website to ensure their retirement funds remain fully secure and connected.