EPFO Announces New Rule for Automatic Transfer of Provident Fund Balance Starting April 1
Sunday, 31 March 2024, 16:33
EPFO Automatic Transfer System: Rule Effective From April 1
The Employees' Provident Fund Organisation (EPFO) has introduced a significant change aimed at enhancing the convenience of provident fund members.
Key Highlights:
- Automatic Transfer System: Starting April 1, EPFO will implement an automatic transfer process for provident fund balances.
- Streamlined Process: The new rule aims to simplify and expedite fund transfers for members.
- Enhanced Efficiency: Members can expect a more efficient and hassle-free experience in managing their provident fund accounts.
This initiative by EPFO signifies a positive step towards improving member experience and ensuring the smooth transfer of funds.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.