People coming from the salaried section are well aware of the Provident Fund (PF). It is a savings scheme run by the government in which you invest money which you get back over time at a fixed rate of interest. Government and big private companies deduct a part of the salary as PF.
There is also the benefit of not withdrawing PF money for a long time. For example, if the PF amount is not withdrawn for 5 or more years, then it is not taxed. Now many times it is also seen that on changing jobs, the company opens our second PF account. After this, the amount of PF of the new job starts getting deposited in that new PF account.
This is the easy way of PF transfer
Now in this situation, if you want to transfer the money deposited in different PF accounts to the same PF account, then you can do it online sitting at home. EPFO allows its subscribers to deposit the amount of PF deposited in different accounts in one account through online mode. So let’s know how online you can transfer all PF account amount in one account.
Know step by step process
1. To transfer PF amount through online mode, you have to first go to the Unified Member Portal. With the help of mobile or computer, you can visit this website https://unifiedportal-mem.epfindia.gov.in/memberinterface/.
2. Now log in here by entering your UAN and Password. After doing this step, you go to the option of Online Services and here select the option of One Member – One EPF Account.
3. After completing this step, you enter your personal information related to your current employment and also verify the PF account. After doing this process, you go to the option of Get Details.
4. As soon as you select the option of Get Details, the complete details of the PF account associated with the previous job will be revealed in front of you. Now you have to verify your form by choosing between your previous employer and current employer.
5. Thereafter, you have to select the Get OTAPI option to receive the OTP on the mobile number registered with the UN. On clicking here, an OTP will be sent to your registered mobile number. Enter this OTP and click on submit option.
6. Your PF will be transferred online just after completing this process. After this, you will not have to worry about keeping an account of the amount deposited in your different PF accounts. You will be able to easily manage all your PF money from a single account.
Hope you liked this information. If yes then don’t forget to share it with others so that they can also take advantage of it.
