ram2hr
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Dear All,

Permanent PF a/c number by 2013

Permanent PF a/c number by 2013 - Rediff.com Business

Come March 2013, salaried employees will be able to switch jobs, without

worrying about withdrawing or transferring their savings with the Employees

Provident Fund Organisation (EPFO). As the EPFO migrates from a

decentralised to a centralised system, it intends to give permanent account

numbers to their holders. Currently, salaried employees need to open new EPF

accounts whenever they change jobs. The old PF numbers are either closed, or

the money in it withdrawn or transferred into new accounts. It turns more

complicated when the employee moves from one state to another for a job. To

put an end to this difficulty, the EPFO intends to shift to a permanent

account number, akin to a mobile number, to make this possible.

Source : Permanent PF a/c number by 2013 - Rediff.com Business

From India, Bangalore
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