New Facility for EPFO

pril 1st is the start of a new financial year in India. This is important for your wallet because most new tax rules announced in the budget by Finance Minister Nirmala Sitharaman take effect on this day. There might also be other changes impacting your finances, so it's a good idea to be aware of them. The new fiscal year brings updates to rules for your savings plans (NPS & EPFO), taxes, FASTags, and other financial matters. Understanding these changes can help you save more and avoid any rule-breaking headaches. It's worth taking some time to learn about them. New EPFO Rule Switching jobs just got easier on your finances. The Employees' Provident Fund Organisation (EPFO) has implemented an automatic transfer system for your provident fund balance. This means no more manually requesting a transfer when you start a new position. EPFO will automatically credit your PF balance to your new employer's account, ensuring a seamless continuation of your retirement savings. This is a big win for employee portability and simplifies the process of managing your PF across different employers.