Overview Changing jobs can create multiple PF accounts. Merging them helps keep retirement savings organized and easy to ...
Tracking all of them is a headache, and if left unattended, inactive accounts can even attract tax on the interest earned.
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Changed jobs? Don't forget this task! Here's how to merge your old PF accounts into the new one, complete it right from home.
When you change jobs, it is common to end up with multiple Employees’ Provident Fund (EPF) accounts linked to a single UAN.
The compound interest is credited by EPFO on a monthly running balance basis at the statutory rate declared for each year. For 2024-25, EPFO declared an interest of 8.25%.
Switching jobs often results in multiple EPF accounts under the same UAN. Employees must request EPFO to merge these accounts ...
EPFO retains 8.25% interest rate on EPF deposits for 2025-26, maintaining stability for over seven crore subscribers.
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