ONLINE EPF TRANSFER PROCESS


ONLINE EPF TRANSFER PROCESS

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

– Valid ID proof (Aadhaar, PAN card, or driver’s licence)
– Revised Form 13
– UAN
– Mobile phone with registered SIM
– Current employer’s details
– Bank account number (salary account)
– Old and new PF account details

How to transfer EPF Online:

1. Login to Member Interface of Unified Portal – LINK

2. Login with your UAN and Password

3. Click on Online Servicesand 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:

LINK

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.

Tags : Finance

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cslalitrajput

Lalit Rajput is a qualified Company Secretary and graduate with 5+ years’ experience in handling Secretarial and Compliance management. Working as Proprietor at Lalit Rajput &Associates, Company Secretaries and Compliance Head at EDUXGURU. Key areas include handling Compliances related to Secretarial, Start-ups, SEBI, FEMA, Labour Laws, GST, NCLT, IPR, MCA/ROC, RTA etc. He has started his career in Adventz Group with one of leading EPC Company, Kalindee Rail Nirman - A Div. Of Texmaco Rail & Engineering Limited (erstwhile known as Kalindee Rail Nirman (Engrs.) Ltd.) and after that worked with Outcome Solutions & Services LLP, a Risk Advisory firm and S. Srinivasan & Co.,Leading Company Secretaries firm in Mumbai and Chennai. He is also an active blogger/Author at many platform and has written various articles on: Taxguru, Compliance Calendar LLP, Studycafe, Caclubindia, Casansaar, theTaxTalk, Lawyer’s Connect, IPleaders, Governance Professionals, Lawyers club India, Dealout Professionals and many more. He has also blogger at ENLIGHTEN GOVERNANCE and contributed articles in ICSI E-Corporate Manager published by ICSI Ahmadabad Chapter.

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