India, April 25 -- In a major step towards improving ease of living for its members, the Employees' Provident Fund Organisation (EPFO) has simplified the process of PF account transfers through a revamped Form 13 functionality. Introduced in January, the new system eliminates the need for employer approval in most cases when employees change jobs, significantly expediting the transfer process.
Previously, PF transfers involved coordination between two EPF offices—the source (from where the funds are transferred) and the destination (where the funds are credited). Under the updated mechanism, once the source office approves the transfer, the funds are instantly credited to the member's account at the destination office, eliminating an...