Epf Manual
The EPF Transfer is your new goal. It has been many days, sometimes years, but you could not transfer your EPF balance. Your retirement saving is lying in many EPF accounts. In the beginning, you did not care for it. It lingered on. Now you want to transfer all of your EPF balance into one Account. Of course, you want the easy process, preferably online.
The transfer of EPF should happen as soon as you switch the job. Sometimes, delay results into the loss of money. It has happened none other than me. In October 2014, I have joined the TV 18 limited.
But after 4 months my employer changed the company for us, We were made to join the SGA news limited. We remained the employee of SGA news limited for 15 months. Again, in July 2006, we were transferred back to the TV18. In these switchovers, I have lost the PF of initial four months. At that time, my company did not mention EPF number on the salary slip. Neither, I bothered about the EPF account in the beginning of my job.
Indeed, I paid attention to my EPF account after 2009. My company could transfer the EPF balance of SGA news limited to the TV 18 Limited. But I didn’t have an idea of the initial PF balance of TV18. I have enquired many times but the HR department always gave me some excuse.
Ultimately, I forgot about the issue. My salary was low at that time and the EPF amount of 4 months was not very much, thus I cared little about it. I could not trace the EPF account of that 4 months period. Ganapathi Is a private sector employee. He worked in the company ‘A’ for 5 years. He left the company after 5 years and joined in Company ‘B’.
Here he did not stay for long in company ‘B’ and again joined another company ‘C’. He was skilled and switching the job was very easy to him. But, Meanwhile, he did not transfer his EPF balance from company A to Company ‘B’. Now Ganapathi wants to transfer all his PF balance to the PF account of Company ‘C’.
He wants to know the easy and correct process of EPF transfer in. Jump Pad. EPF Transfer Rules. You can transfer EPF balance from one EPF account to another. There is no time restriction to transfer the EPF balance.
You can transfer EPF balance only to your account. You can’t transfer EPF amount to any third person account. With the transfer of EPF, the pension amount of also gets transferred. You can’t transfer partial amount from an EPF account to another account. The authentication is necessary for EPF transfer. To transfer the EPF from one account to another, the name, father’s name, date of birth, should be same in the both accounts.
Ways To Transfer the EPF Balance EPFO has given new methods of EPF transfer but it did not close the existing ways. Therefore, now you can choose any of the available methods of EPF transfer. If you are a computer savvy person, you can go ahead with the online process of EPF transfer.
Otherwise, there is the existing offline EPF transfer. Offline Method Of EPF Transfer In the offline EPF transfer process, you are required to fill the printed form. Your current employer forwards this form to the EPFO.
The EPFO then forwards the form to your previous employer. After the authentication by the previous employer, The EPFO transfers the money from the previous account to current EPF account. Because of the physical movement of EPF documents, the offline EPF transfer takes more time. How To Choose the EPF Transfer Option It is obvious that you want to transfer EPF through the easiest method. But easiest method may not be available to everyone. You have to fulfill certain requirement to go through the easier method of EPF transfer. You should check the requirements of each method before choosing the suitable method.
The Easiest EPF Transfer Method The is new drive by the EPFO. In this drive EPFO working overtime to transfer EPF balance from one account to another. In this method of EPF transfer, you can apply for more than one EPF transfer simultaneously. EPFO is terming this as EPF account consolidation. It is an online process and requires less effort.
However, you have to fulfill these criteria. You have linked your Adhaar number with UAN.
You employer have authenticated the Adhaar. Your personal detail matches with Adhaar data. You have given your bank account number and PAN to the EPFO. The name, DOB, Father’s name is same in all the EPF account.
If you fulfill the above criteria then you can transfer your EPF balance through the One Employee, One EPF account facility. The Automatic EPF Balance Transfer In this method of EPF transfer, you are not required to take any step, The EPF balance gets transferred to new EPF Account itself.
To be eligible for automatic EPF transfer, you must fulfill following conditions. You should have UAN before joining a new employment. You must give UAN to the new employer at the time of joining. All the personal details should match in this transfer. This method of EPF transfer should be used only for the EPF transfer from one account to another. This method of EPF transfer is useful for the employee who want to transfer PF balance from relatively new EPF account.
All the existing EPF account has the UAN. Keep check of all the personal details to get the balance transferred automatically. Also, never forget to give the UAN to your new employer. Know More about automatic EPF Transfer Online Transfer Claim Portal (OTCP) It is also the easy method of EPF transfer. It does not require the UAN or Adhaar number. You can use the OTCP portal to get your EPF transferred online.
In this method of PF transfer, you have to apply for provident fund. You are not required to give any document for this. However, In this method one of your employer (previous or present) authenticates your application.
This authentication happens online. You have to also give the printout of the application to the concerned employer. To use this facility, your personal details must match with both the employer. There should not be any anomaly in any of the accounts. If the employer doesn’t have any grudge then this method works fine. Physical EPF Transfer Claim This is the traditional method of PF transfer. You have to fill the.
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You have to submit this form with the present or previous employer. After the verification, the employer forwards this form to the EPFO.
The EPFO verifies the details and gets it authenticated by the previous employer (if the form is forwarded through the present employer). After the authentication, the EPFO Transfers the EPF balance from the previous account to present account.
In this mode of EPF transfer, the UAN and Adhaar number are not required. You can apply for EPF transfer even if there is some mismatch in personal details.
In such cases, you have to attach the personal details rectification form. The form should be attested by the employer.
Note the employer should be the same who has created the EPF account which carries some error. EPF Transfer Form is used for EPF transfer. In this form, you have to give the personal details.
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You have to enter the previous employment details and. Along with this, you have to tell about the present employment. Take care and give details correctly. EPF Transfer Status The EPF transfer takes less than one month. But, if require, you can check the status as well. If you have applied for online PF transfer, you can check the status from the beginning.
The status of Physical EPF transfer can be checked once your application reaches to the regional EPF office. The status of Physical EPF transfer can be checked once your application reaches to the regional EPF office. To check the PF transfer status you can go to online transfer claim portal (OTCP). Login into the portal. There is a link to check EPF transfer status. You can also use a separate ‘‘ facility of EPFO.
This page is to check all claims made to EPFO. If you don’t find satisfactory status from the above method, you can use the to know more about your transfer claim status. As a lost resort, you can also use RTI to know more about your PF transfer application. I hope this post on EPF transfer Methods has given you all the important information. You can also read other articles on EPF.
Hello, I was part of company A from 2013-Dec 2016, Company B from Jan 2017-Dec2017. Now I am in Company C joined this month Jan 2018 only. I have never done PF transfer process as there is always confusion between transfer or withdraw PF etc. So my PF are pending in EPF 2 accounts made at Company A and Company B.
Now Company C is saying they are going to create new EPF account. Rsa archer installation guide. I have same UAN number across both companies A & B also submitted it to current company C. EPF account details of Company A and Company B also displayed on EPF government portal logged in using UAN and OTP.
I also have my UAN card downloaded. My question is since I never done any EPF linking process, should I withdraw the PF amounts from Company A & B? Is it possible Online without physically going to those companies?
Hi Chandrakantaji: The idea to write this to get clarification/advice etc through experts like you and must be very much helpful to resolve a very long lasting issue with no result; I could not come across any identical case like this; alike – topic like this remain untouched I have gone through many FAQs but I could not find any question so; one of my retd. Hi Sir, As usual, great article with good information. For the completeness of article and clear my understanding, I wanted to add these points: After the transfer how will I know the transfer is complete or not? By checking the status in OTCP portal, if it says the amount is transferred and claim settled. – I understand this point and is fine. Since we have the concept of UAN now, If I download the UAN card, and it shows all linked PF accounts. If I am able to see all my accounts in the UAN card, does it mean that my transfer process is complete and linked to UAN?
– Please clarify.