PF money automatically transferred on job change – New EPFO ​​Rule

Pension for an employee means that the employee has to contribute 12 percent of the basic salary to the employee's EPF account and the employer has to contribute the same. In this mode, an employee's pension is deposited in his PF account every month. So far every time there has been a job change, new PF accounts have been added to the UAN. Transferring PF account from one organization to another (PF Transfer) used to be a complicated process.