You all must have heard about Form-16, but do you know what Form-13 is? Form-16 is used for filing ITR, but Form-13 is related to EPFO. However, this form is also related to your job, so it is important for every employed person to know about it.
What is Form-13?
Form-13 is a very important form, especially for those who change jobs and want to transfer their EPF (Employees’ Provident Fund) account to the new employer.
This form links the old and new accounts
When you change jobs, you have to transfer the EPF funds of your previous company to the new company. In such a situation, you have to fill Form-13 to link the old account to the new company’s account.
All the money is visible at one place
With the help of this form, your old PF balance and service history is transferred to the new account. This makes your entire PF money visible at one place at the time of retirement.
Also know the benefits of filling Form-13
By filling Form-13, your old and new PF account gets merged, which does not cause loss of interest. Your service period remains intact, which makes it easier to get pension and other benefits. Not only this, tracking of funds also becomes easy by keeping them in one place.
How to fill Form-13?
Nowadays you can also fill Form-13 online. For this you can visit the EPFO website or the UMANG app. You just have to login with your UAN (Universal Account Number). There you have to submit an online transfer request. In this you have to fill the details of the old and new company. In some cases you may also have to take permission from your employer.
