New Delhi, May 19 -- When we switch jobs, we are told to transfer our employee provident fund (EPF) to the new employer. This requires filling out Form 13. Some people ignore this, and in some cases, it doesn't happen even after they apply for it.

We have compiled five reasons why you must transfer your EPF to avoid challenges that you may face later.

You may want to withdraw some of your PF balance for home purchase, home loan repayment, marriage or self or children's education. If your previous accounts haven't been merged with the latest and you still apply for partial withdrawal, the Employees' Provident Fund Organisation (EPFO) will only consider the balance in your existing PF account to determine the permissible withdrawal limit....