PF Transfer Rule Changed: The Employees’ Provident Fund Organization often keeps changing its rules, so that the members can get the right benefits. Under this, EPFO has also changed the transfer rules. Now employees will be able to easily transfer their EPF account themselves.
PF Transfer Rule Changed: The Employees’ Provident Fund Organization (EPFO) has made improvements to simplify online transfer claims in some cases. This change will make the PF transfer process simpler. Also, the delay in transfer will be reduced and efficiency is expected to increase. EPFO has taken this step to give great relief to those who change jobs. This work can be completed with the help of Aadhaar and other documents.
The Employees’ Provident Fund Organization often keeps changing its rules, so that the members can get the right benefits. Under this, EPFO has also changed the transfer rules. Now employees will be able to easily transfer their EPF account themselves. In fact, under the latest change, EPFO has made the transfer of Provident Fund very simple on changing jobs and now the rule of transferring Provident Fund to members through old or new employer on changing jobs has been abolished.
What will be the benefits?
- Instant transfer: By eliminating the need for employer intervention in some cases, the transfer process will be expedited.
- Convenient management: Members will have the ability to transfer directly on the EPFO portal.
- Improved transparency: The simplified process will promote clarity and reduce dependence on employers.
Employers will not interfere with these accounts
It is worth noting that for member IDs linked to Universal Account Number (UAN) allotted after October 1, 2017 and linked to Aadhaar, employer intervention is no longer necessary. Similarly, for transfer between member IDs associated with multiple UANs issued after October 1, 2017, but linked to the same Aadhaar, a simplified process is applicable.
Which accounts will be transferred?
For transfer between member IDs linked to UANs issued before October 1, 2017 and linked to Aadhaar, both accounts must have the same name, date of birth and gender for a streamlined transfer process. Transfers can be made between member IDs linked to different UANs, provided at least one UAN has been allotted before October 1, 2017 and is linked to the same Aadhaar number. This is applicable only if the name, date of birth and gender are same across all member IDs.
How to link Aadhaar?
- Visit the EPFO Member e-Sewa website
- Log in using your UAN, password and captcha.
- Go to the ‘Manage’ menu and select the ‘KYC’ option. Now check the box for Aadhaar.
- Enter your 12-digit Aadhaar number and name as it appears on your Aadhaar card.
- Click on ‘Save’ to submit the information for verification.
- Your Aadhaar details will be cross-checked with UIDAI records.
- After verification, your Aadhaar will be successfully linked to your EPF account.
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