How To Transfer Your EPF Money Online
Maya and Hari met over dinner last night to celebrate Maya’s new job. She was happy, yet equally anxious about the paperwork which comes along with it. Though she is tech savvy, she abhors paperwork. However, Hari being a HR professional calmed her down. He showed her a way out. With technology advancing, transfer of your Employee Providend Fund balance is possible in a paperless manner. The UAN number makes it simple to track your funds even while you move from one organisation to another at any point of time. Under the ‘One Employee, One EPF account ’ drive, the Unified Account Number (UAN) simplified the whole process. If you already have an account and your employer has digital signatures of his/her authorised signatories on the EPFO portal, then transferring your EPF sum is very simple. Hari completed Maya’s EPF procedure by following the 4 simple steps listed below. You, too, can follow these steps and complete the hassle-free transfer procedure: Step 1: Check Your Eligibility To transfer your EPF money online from one account to another, you need to first be eligible to do so. You can check your eligibility at the Online Transfer Claim Portal (OTCP) under the category “FOR EMPLOYEES” on the home-page of EPFO website – www.epfindia.gov.in . If you are eligible for the online transfer, then register as a member on the portal. If you are already a registered member, you can directly log-in into Online Transfer Claim Application. Click on “Request for Transfer of account” to file online Transfer Claim. If not, you need to register yourself on the portal. You need to be sure either your current employer or previous employer has digital signature. Besides, keep handy the previous and the current employers’ PF details. Step 2: Fill in the Application Form Once you’ve followed the above procedure, fill in the application form. This is divided into Part A, B, and C. Part A consist of filling all your personal details such as name, mobile number, e-mail id, bank account number, and bank’s IFSC Code. Part B pertains to details of your previous employer. You need to enter your PF account number and go to “click here to get details”. The details regarding your employer will appear. Further, the details such as joining date, date of leaving, father/ spouse’s name will appear. But, if there are any missing details such as date of birth etc., it is mandatory for you to fill in these. Part C is about your current employee PF account. On entering your PF account number, the employer details will appear, and if some details are missing, you need to enter these. The important point at this step is to claim attestation. You have an option to either get it attested through the previous employer or present employer. The employer gets the notification via email and on the EPF portal. Your application will be verified by the employer and will be forwarded to the EPFO. Once your application has been completed, a preview of your form can be seen. In case you require to change any details, look for “TO change application data, click here”. Step 3: Submit the form At this step, a Captcha code will appear; type that into the field and click on “GET PIN” button. But before you go ahead, don’t forget to signify your assent by selecting the button, “I Agree”. Soon, you will receive the PIN on your registered mobile number. Submitting the PIN you’ve received will complete your online application transfer process. Step 4: Track your transfer status A tracking ID will be generated once the application is over. With this, you can track your online application. And don’t forget to save the Printable Transfer Claim Form (Form 13) generated on your machine (desktop, laptop, tablet, phablet, smartphone or any other gadget you’re using), take a print-out, sign and send it across to the employer (current or previous) you’ve chosen to complete the claim process. To Sum-up… Gone are the days when you would lose your money and there was no proper format to track your EPFtransfer claim. Online transfer claim has simplified the whole process and is hassle free. It takes 30-60 days to complete the claim settlement process and for the transfer to be done. However, please note your employer can view, verify or correct, and submit your details online through this portal. Read on for: Everything You Wanted To Know About Your EPF Read on to know: How the EPF Withdrawal Rule May Have Impacted Your Finances And more about EPF: Now You Would Get Loyalty-Cum-Life Benefit On Your EPF A/c Also click here to learn: How To Manage Your Personal Finances When Laid-Off
You can also access Personalfn EPF calculator here.
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