At today’s time and age, private jobs are very popular which also means that job change is common. And while changing jobs, one is required to finish a lot of paperwork and collect dues etc.
EPF (Employees Provident Fund) is a retirement savings scheme which is a corpus of funds built through regular, monthly, contributions made by an employee and his / her employer. It is also one of the most popular forms of long-term retirement savings among the working population in India.
Hence, while changing jobs it is also important to transfer your PF account. Earlier the transfer was little inconvenient as it required a lot of paperwork like submitting the transfer form from an old employer to the new one, but with launch of an online self-service portal by EPFO this has become easier and hassle – free.
How to Transfer EPF Account Online
The process of transferring EPF account has become easy and hassle – free with the introduction of Unified Account Number (UAN) for EPFO subscribers.
Read the below points in order to transfer your EPF account
Register on the EPF Member Portal
In order to transfer your EPF account, you have to log in to the official portal of EPFO (Employees Provident Fund Organization) and become a member.
Portal for Online Claims Transfer
And the users are required to visit the online Transfer Claim Portal and register a claim for transfer of EPF. The login details for this portal are the same as those for the member portal.
Also make sure to check your eligibility in order to do the same. As there are cases where users are required to fill a physical form (Form 13).
If you want to transfer your EPF account and you are eligible to do the same visit the online portal and ‘Request for transfer of funds’ and enter the PF numbers of your previous and current employer. The previous and current employer is required to attest the form online. On filling in the details, a PIN will be generated and sent to the registered mobile number.
You will be provided with a tracking ID in order to track your application online. The printable Transfer Claim Form (Form 13) can be saved in the system. Print out Form 13, sign it and submit it to the employer to complete the process of claim submission.