Portable Provident Fund A/c numbers coming soon

EPFO is reportedly planning to provide portable numbers to salaried individuals. The move might stem the trend of premature withdrawal which most people prefer over getting their accounts transferred while switching jobs.

Once finalised, the decision will directly benefit about 4.8 crore PF account holders in India. A similar plan to issue unique numbers was scrapped on an earlier occasion. The plan now is to allow subscribers to tie their provident fund accounts with their existing PAN, unique identification number or national population register number.