Consolidating multiple EPF accounts after job changes just got simpler. When employees switch jobs, separate PF accounts often accumulate under the same UAN. The EPFO now allows online merging through its member portal, streamlining the process significantly. Consolidation ensures all retirement savings stay in one account, preventing inactive account complications and withdrawal delays. The current EPF interest rate stands at 8.25% per annum for FY 2025-26, with tax-free earnings credited annually. The online process requires UAN activation and Aadhaar linkage, then involves logging into the EPFO portal, selecting the merger option, entering previous account details, and obtaining OTP verification. Employer approval follows submission. This centralized approach helps workers track contributions more effectively and simplifies their retirement planning strategy.
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