Options
- A
To avail higher interest rates
-
To avoid losing the benefit of compounding
Correct answer
- C
To prevent the old employer from paying the amount later
- D
Due to PFRDA rules
Why this is the answer
Transferring the EPF balance ensures continued compounding over the long term, maximizing retirement savings; failure to transfer results in missed growth opportunities.
Test yourself for real
Take a full NISM Series X mock test.
Same duration, same weighting, same difficulty distribution as the real exam — with explanations on every question.