How to Transfer PF Funds Easily to another PF Account Online
Employee Provident fund (EPF) is an ideal investment option for any salaried individual, owing to its E-E-E (exempt-exempt-exempt) nature. This means investment in EPF, interest from EPF and withdrawal from EPF after 5 years is exempt.
When you are switching your job or are moving to a different city, you do not necessarily have to close your existing PF account with your current employer. You can simply transfer it by moving the funds from the old account to the new one.
Information before transferring the PF online
While the PF transfer was possible online earlier under ‘Online Transfer Claim Portal’, with the introduction of UAN, the process of transfer is revised and shifted under ‘unified portal’. However, in order to make online PF transfer, please ensure the following.
1.) The member should have activated his UAN in UAN portal and mobile number used for activation should also be active.
2.) Bank account and bank IFSC code of employee should be seeded against the UAN, Seeding Aadhar number and PAN against UAN is not mandatory for raising transfer claims.
3.) The employer should have approved the e-KYC.
4.) The previous/current employer should have digitally registered authorized signatories in EPFO.
5.) PF account number of both previous and current employment of an employee should be entered in EPFO database.
6.) Only one transfer request against the previous member ID can be accepted.
7.) Personal information and PF account related information is shown in EPFO should be correct.
8.) Date of should be updated with your previous member ID.
Step-By-Step Procedure to transfer PF online
Step – 1: Login to Unified portal (member interface) by using your credentials i.e., UAN number and password.
Step – 2: After login, click on ‘One Member – One EPF Account (Transfer Request)’ under Online Services.
Step – 3: Verify personal information and PF account for present employment.
Step 4: You have to Select details of previous accounts (which are to be transferred) choosing either your previous employer or current employer for attesting the claim form based on the availability of authorized signatory holding DSC. Choose either of the employers and provide member id/UAN:
Step – 5: After clicking on ‘Get details’ PF account details of previous employment would appear below and tick mark on member name.
Step – 6: In the next step, tick on consent box then click on ‘Get OTP’ to receive OTP to Aadhaar registered mobile number and enter the OTP and click on submit.
Step – 7: After Successfully submitted the transfer request you can see the Claim Status as “Submitted” in Track Claim Status under the Tab Online Services. Download the transfer claim (pdf format) then submit the physical signed copy of the online PF transfer claim form to the selected employer within a period of 10 days.
The employer will digitally approve your EPF transfer request by accessing employer interface of the unified portal.
After Successfully Approved the transfer request by employer you can see the Claim Status as “Accepted by employer” in Track Claim Status under the Tab Online Services.
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