I recently switched company. Is there any requirement of changing the pf account to the new employer. As this is my first switch I don't have much idea about this. Could anyone guide me on this.
If you don’t transfer your old PF balance to your new employer’s PF account, both accounts will earn interest separately at x % (eg. 8.1%). While the total interest in the first year remains the same, keeping them separate reduces compounding benefits over time. To maximize interest and avoid dormant accounts, it’s best to transfer your PF balance.
Great! Thank you so much. Can I do it now (after 45 days of changing the organisation)?
So when you join new company, they will automatically take care of creating new pf account, however there is no harm if your old money is staying in first company pf. But generally it's recommend to transfer. Last year I transfered from company 1 to 3 and 2 to 3
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I have two previous employment. Should I transfer pf balance (epf contributions) from my previous employment to my current pf account?
Do note that uan is same for all three account. why and why not?
