Doubt about PF account

If you don’t transfer your old PF balance to your new employer’s PF account, both accounts will earn interest separately at x % (eg. 8.1%). While the total interest in the first year remains the same, keeping them separate reduces compounding benefits over time. To maximize interest and avoid dormant accounts, it’s best to transfer your PF balance.

Share your UAN with new employer. They will create new pf account.
After couple of months, raise transfer (online) request, amount will be transferred to new pf.

I had the same question. If I do not transfer the pf at all, will I my money be wasted

Is there no central system to keep track of our pfs by the epfo

So when you join new company, they will automatically take care of creating new pf account, however there is no harm if your old money is staying in first company pf. But generally it's recommend to transfer. Last year I transfered from company 1 to 3 and 2 to 3