EPFO ALERTS its subscribers! Suggests THESE tips to reduce fraud possibilities- Details here

The Central Bureau of Investigation (CBI) probe in the fraud involving crores of rupees in Employees' Provident Fund Organisation (EPFO) is progressing rapidly and auditing of the last several years is being done.

But in the meantime, EPFO ​​has given some advice to its subscribers, so that the employees associated with EPFO ​​​​can be alert. EPFO believes that whenever the employee leaves or resigns from his job and joins another job, he should get his old PF account transferred completely to the new employer.

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Getting the PF account completely transferred will reduce the possibility of fraud and at the same time the employee will also get benefit in pension.

Apart from this, EPFO ​​believes that those employees whose old companies have been closed need to be more cautious and careful, so the subscribers should get the Provident Fund money of their old companies transferred in the new company as soon as they change the job.

EPFO has also advised its subscribers to keep checking their account from time to time so that they can get information related to interest and balance contribution.

Fraudsters usually use long closed accounts for frauds. However, after the recent fraud, EPFO ​​will further strengthen its system and will make sure that such incidents so not happen in future. As per the information EPFO has more than 6 crore subscribers.