What are the key features of EPFO's simplified account transfer rules
EPFO has introduced simplified rules for account transfers, including the ability for employees to correct personal details using their Aadhaar number.
- Seamless transfer process: Employees can easily transfer their EPF accounts from one employer to another.
- Aadhaar authentication: Employees can correct personal details using their Aadhaar number, ensuring accurate information.
- Online portal: The transfer process can be completed online through the EPFO's member portal, eliminating the need for manual intervention.
- Faster processing: With the simplified rules, account transfers are processed quickly, allowing employees to access their funds sooner.
- Reduced paperwork: The new rules aim to reduce paperwork and streamline the transfer process for the convenience of employees.
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3 months ago