Can EPF accounts be transferred?

EPF accounts can indeed be transferred when changing jobs or locations, which makes the selected answer the correct one. This feature is designed to facilitate the continuity of an employee's retirement savings and ensure that their contributions are not lost when they transition between different employers. The transfer mechanism allows individuals to maintain their accumulated savings under the EPF scheme without needing to withdraw and potentially lose out on interest accrual or benefits.

Transferring an EPF account is typically a straightforward process where the new employer initiates the transfer of the funds from the previous EPF account. This not only simplifies the management of retirement savings but also encourages individuals to continue saving for retirement as they progress in their careers.

This systematic approach highlights the importance of an uninterrupted savings plan for employees, ensuring that they can build up their retirement corpus over time, regardless of job changes.