EPFO has issued an update for its subscribers on Wednesday i.e. on the morning of 13 April. Life Insurance Corporation of India has given some easy ways in a tweet, with the help of which subscribers can transfer money deposited in their PF account online from one account to another.
New Delhi. If you want to transfer your Provident Fund (PF) amount from the previous company to the new account opened by the existing employer, then you can easily do it sitting at home. Employees’ Provident Fund Organization (EPFO) also provides online facility to transfer PF.
However, since the introduction of Universal Account Number (UAN), all the accounts of the employee remain in one place, but the money remains in different accounts. Therefore it is important that you first share your UAN with the new company. Later transfer the money from the old account to your new account. To make this process online, you have to follow some easy steps…
How to Apply for PF Transfer:
>> First of all go to EPFO’s Unified Member Portal https://unifiedportal mem.epfindia.gov.in/memberinterface/. Login here using Universal Account Number (UAN) and Password.
>> After login, go to Online Services and click on Member One EPF Account Transfer Request option.
>> In this you have to verify personal information and PF account. You have to provide your current employment information.
>> After that click on Get Details option. The PF account details of the previous appointment will appear on the screen.
>> Now you will have the option to choose between previous employer and current employer to attest your online claim form. You choose it based on the availability of Authorized Signatory Holding DSC. Choose any of the employers and give the member ID or UAN.
>> At last click on Get OTP option. OTP will come on your registered mobile number. Then enter that OTP and click on submit option.
>> Once the OTP is verified, the request for online money transfer process will go to the previous company.
>> This process will be completed in the next three days. First the company will transfer it. Then the field officer of EPFO will verify it.
>> The money will be transferred to your account only after the verification of the EPFO officer.
>> You can check the status in Track Claim Status for whether the transfer request is completed or not.
>> For offline transfer, you have to fill Form 13 and give it to your old company or new company.
What needs to happen:
>> Registered mobile number must be active as OTP will be sent to this number.
>> Employee’s bank account number and Aadhar number should be linked with UAN.
>> The date of exit of the previous appointment should be remembered. If not, remember that first.
>> E-KYC should be approved in advance by the employer.
>> Only one transfer request will be accepted for the previous member ID.
>> Before applying, verify and confirm all the personal information given inside the member profile.
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