Over 50 million subscribers of the retirement fund body EPFO will be able to apply online for transfer and withdrawal of their provident fund from July 1.
The facility will enable subscribes to track online the status of their applications for transfer and withdrawals.
Under the new system, the onus of verifying the details of the PF account from previous employers would be on the EPFO. At present, employees have to get their applications verified from their employers for settlement of claims.
Categories: Personal Finance
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