News: Online transfer of PF accounts likely to start from August 15

Compensation & Benefits

Online transfer of PF accounts likely to start from August 15

Retirement fund body EPFO is likely to start online transfer of PF accounts on changing jobs by this Independence Day on August 15, a move that would benefit over 13 lakh such applicants every year, PTI reported.

Retirement fund body EPFO is likely to start online transfer of PF accounts on changing jobs by this Independence Day on August 15, a move that would benefit over 13 lakh such applicants every year, PTI reported.

The Employees' Provident Fund Organisation (EPFO) has started registering digital signatures of employers from Thursday which is a prerequisite for providing the facility and is expecting an overwhelming response from employers. According to sources, EPFO is hopeful that a sizable number of firms would get their digital signatures registered in the next two weeks and the body can then launch the service.

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Topics: Compensation & Benefits, #National, #TotalRewards

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