Employees' Provident Fund
Organization (EPFO), India Ministry of Labour & Employment, Government of
India has issued Instructions for transfer online EPF during this Pandemic
situation (COVID-19)"
In case of change of Job,
it is important to switch EPF account from previous employer to the new
employer.
·
Prerequisites:
i.
must have active UAN (Universal Account Number)
ii.
If UAN is inactive, kindly activate at https://unifiedportal-mem.epfindia.gov.in/memberinterface
iii.
UAN Holders details should be updated which includes such as Aadhaar
details, Bank details etc.
iv.
details can be checked in the 'KYC' option under the 'Manage'
tab after logging in to your account.
v.
Mobile number should be active.
vi.
at least one of the employer's - previous / present - DSC must be registered on the portal
vii.
PF number of both past and present employers are registered on
the EPFO database
·
Documents required
for EPF transfer
ü
Valid ID proof (Aadhaar, PAN card, or driver’s licence)
ü
Revised Form 13
ü
UAN
ü
Mobile phone with registered SIM
ü
Current employer’s details
ü
Bank account number (salary account)
ü
Old and new PF account details
·
How to transfer EPF Online:
1. Login to Member
Interface of Unified Portal https://unifiedportalmem.epfindia.gov.in/memberinterface
2. Login with your UAN and Password
3. Click on “Online Services”
and then click “One Member – One EPF Account (Transfer request)”
4. Verify “Personal information”
and “PF Account “ for present Employer
5. Click on “Get details”
and view PF Account details of previous employment.
6. Click to select Employer
(Previous / Current) for Attestation.
7. Click on “Get OTP” (OTP will be send on
UAN Registered Mobile Number)
8. Enter the OTP and click
“Submit”
Tracking ID will be
reflected post successful submission.
Unified Members Portal:
Tracking Mechanism to check the status of online
transfer of EPF account
1. UAN Holder will track the
status through the Member e-SEWA portal.
2. Click option - 'Track Claim
Status' under the 'Online Services' Tab.
Conclusion
This whole transfer
process has to be done to reduce overall tax liability from the balance
accumulated in two separate accounts (Account with Previous and New
Organization). An EPF account becomes inactive after leaving a job. The status
of the form is changed to ‘approved’ by the employer post Employer approval.
The Process is simple and easy and generally, it took a period of two months to
complete the whole transfer process.
Disclaimer:
IN NO EVENT THE AUTHOR SHALL BE LIABLE FOR ANY DIRECT, INDIRECT,
SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM OR ARISING OUT OF OR IN CONNECTION
WITH THE USE OF THIS INFORMATION
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