Provident fund transfer rules enable portability of individual provident balances and preserve continuity for entitlement calculations.

Amendments permit recognised provident funds to include amounts transferred from an employee's individual account in a former employer's recognised provident fund and interest thereon, and allow transfer of accumulated balances on cessation of employment into a new employer's recognised provident fund. An Explanation treats service periods under former employers, represented by transferred balances, as part of continuous service for computing entitlement conditions under the Fourth Schedule.

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