New EPFO Rules Effective from April month that you should know
April establishes itself as the second birth month not only for incredible beautiful blooming flowers but also for a new financial beginning, evidenced by the new rules of EPF that come into force today. Bye-bye to Procedural Employment Provident Fund Transfer concerning switching jobs as your previous balance will carry forward with you into your new workplace automatically. No more tedious paperwork and endless follow-ups to finally get started with your new job – knock out the challenges and shake hands after the completion. EPFO is the best investment plan for employees.
New EPFO Rules |
This EPFO game-changing modification has helped us alleviate our shelve from regular housekeeping duties of admin isolation, helping us pay attention to the growth of our careers and dreams. With a few hieroglyphics, the EPFO has now simplified the process and made things less tedious for an untold number of employees all over the country.
As Mr S. Ashish Aggarwal, CEO of Acube Ventures, aptly notes, "With the advent of more and more technologies, employees won't have to undergo cumbersome procedures to get their benefits. The main aim here is convenience without compromise." Employers, employees, and the EPFO, all owe a stake in this reciprocal situation.
Consequently, while coming into this new financial year, by letting go of the old habits grab the opportunities of this new refined system. Let it be the year of money leaks plugged up and no more abrupt shifts involuntarily.
For more details, Go & check out the financenu site.
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