11 years ago

EPFO to provide permanent number from October

Retirement fund body EPFO will start providing permanent account numbers on the pattern of core banking services to its over five crore subscribers from October this year. Permanent or universal account number will facilitate subscribers to avoid filing PF account transfer claims on changing jobs. The official said that a large number of subscribers choose to close their PF and pension account with EPFO and seek withdrawal of their funds in view of time consuming process of transfer of PF accounts on changing jobs. However, the EPFO had started the facility of filing online transfer of PF account claims in October last year to make the transaction faster.

The Hindu

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