Overview

• The revamped Form 13 software enables instant PF account transfers once approved by the source office, removing the need for destination office approval.
• Employer approval for PF transfers has been eliminated in most cases, simplifying the process for job changers.
• Over 1.25 crore EPFO members are expected to benefit annually, with approximately ₹90,000 crore in funds transferred more efficiently.
• Bulk UAN generation has been introduced without requiring immediate Aadhaar linkage, though accounts remain frozen until Aadhaar is seeded as a security measure.
• The updated system also bifurcates taxable and non-taxable PF components, ensuring accurate TDS calculations on taxable interest.