
For privately employed people, PF (Provident Fund) is an important fund for old-age support and emergencies. Earlier it was very difficult to transfer PF to a new job. But now the Employees Provident Fund Organization (EPFO) has made this process very easy, which has given a lot of relief to the employees.
Now employee Provident Fund (PF) transfer applications will not be rejected due to a minor overlapping service period. Earlier, if there was even a slight difference in the service date of your previous and new job, then your PF transfer claim would get rejected. But now this rule has been changed, which will make it easier for employees to transfer PF and they will not have to face rejection due to overlap.
Now it will be easy to transfer PF money-
Thousands of employees will benefit from this. Whenever you change jobs, he can transfer the balance from his old employer's EPF account to the new employer's EPF account. This is called a transfer claim. But many times it happens that the service dates of the old and new employees overlap. Due to this the transfer claim is rejected.
Transfer claim will not be rejected-
Regarding this, EPFO has now clarified that the transfer claim will not be rejected just because there is an overlap in the service dates of the two companies. According to the new circular issued, if overlapping dates are found in a transfer claim, it means that the regional office does not have to reject that claim.
Clarify only when it is needed. The transfer office will take the process forward without returning or rejecting the claim and will respond only in important cases. Answer should be sought only when it is important to understand the overlapping and the claim can be taken forward after getting the necessary information.
-
Bengaluru stampede: Karnataka increase compensation to Rs 25 lakh for families of those who died
-
When Will All 7 BTS Members Reunite? Military Discharge Dates For RM, V, Jimin, Jungkook & Suga
-
Prithvi Shaw paves national comeback path with breathtaking knock in Mumbai T20 League
-
I used £35 hair growth serum for 30 days and it reshaped my hairline
-
Tottenham face Thomas Frank dilemma thanks to unusual Brenford clause