How to transfer EPF online in UAN portal
Hard earned money matters, It should be managed to keep safe & grow.
Above topic is most unanswered topic as I understood in my career because many of the employees either did not know about How to transfer EPF online in UAN portal or knew the wrong process which leads them failures in PF transfer and their previous employer get stuck on old PF account.
As you read more below and till end you will definitely discover and understand desired information about EPF & EPS transfer and obviously its benefits, importance, consequences if not done and most importantly points to keep in mind before applying & will help you to transfer PF from previous employer to current employer because guided step by step procedure to follow.
How to transfer EPF online in UAN portal-Process Flow chart(PDF Copy)
What is PF transfer and why it is so important ?
An employee when joins a new company or Organisation new UAN as well as new PF account number is created and linked to each other. Then both employee and employer deposit contribution every month to that PF account number.
When that employee switch to a new Organisation or Company or Establishment, then the new company creates another PF account number for that employee and link to the previous number and deposit both employee and employer contribution on that new PF account number.
When the employee came to serve for a new employer, the ex-employer stop filing contribution and old PF account number kept dormant. Now employee has two option left, either withdraw PF amount or transfer the PF amount to new PF account number and add to new contribution.
Why PF transfer is best option instead of PF withdrawal in India?
Every month PF amount carries compound interest and grow itself with time. When PF amount is withdrawal the compound speed get affected and employee end up less corpus at the time of retirement.
When PF amount of previous PF account transferred to new account adds value and helps to grow in a compounding speed.
What happens if EPF is not Transferred?
When an employee changes to an old organisation and joins a new organisation the new employer start filling his/her EPF contribution in a new EPF account. The accumulated amount available in previous account get unaltered and not attract the Compound interest. That is the main loss of an employee. Secondly there might be the possibility to raise issue during the EPF withdrawal.
What is the PF transfer process in India?
Earlier offline PF transfer used to happen, now only PF transfer only accepted in online mode. In UAN portal of EPFO an employee can apply PF transfer request.
How to transfer EPF online in UAN portal ?
Let us follow below mentioned step by step procedure to complete transfer of PF amount from old EPF account number to new PF account number.
Step-1 : Open UAN portal
Step-2: Click on Online Services
Step-3 : Click on One Member-One EPF(Transfer Request)
Step-4 : Enter current EPF account Number
Sterp-5 : Select details of previous account number (from which PF amount to be transferred), Click on attestation through( Previous Employer/ Present Employer)
Step-6 : Enter UAN Number & click on Get Details
Step-7 : When the details of Previous establishment open, click on the chose button.
Step-8 : Go to “Authenticate OTP” & “Submit”.( OTP will be sent on AADHAAR linked mobile number.)
Step-9 : Final submission of Online Form-13, Download the PDF copy of filled application Form & Sign on the member column.
Step-10 : Send the copy to your Previous Employer/ Present Employer.
Step- 11 : Track the status in the Track claim Status(Online services column).
Step-12 : First the claim shall be approved by Previous Employer/ Present Employer.
Step-13 : Then it shall be approved by Field Officer.
Step-14 : After Field officer approval your fund will be automatically transferred to Current account.
Step-15: Raise Grievance in EPFiGMS portal for any related query you have.
What form is required?
Mainly Form-13 is required for application of transfer request. Secondly Annexure-K is required in case the EPF member is registered under the Exempted Establishment (Trust Office)
How much time required for transferring process?
After expiry of three months of leaving previous employment, an employee must apply for transfer request. And then 1-2 months is generally taken for approval from the Previous /Present Employer & Field Officer and final settlement of the claim. And again, if the Previous/ Employer & Field Officer approve soon then the claim settlement completed early.
Who is the approving authority on PF transfer claims?
First: The concerned person of Previous/Present Employer is the first approving authority.
Second: The field Officer is the second approving authority. Mainly from EPF office.
What are the Possible problems may occur during EPF transfer?
Employee may face various problem while transferring PF amount as given below,
- EPF transfer can not completed in case of mis-match of Name of EPF member, Father’s Name, Date of Birth etc.
- EPF transfer can not completed when Date of Exit is not mentioned by Ex employer.
- EPF transfer can not completed if KYC is not updated.
- Annexure K may not obtained from previous employer Trust.
- Transfer request may be rejected by the Field Office.
- Many employees EPF has been filled in different UAN ID
- In some cases, EPF transfer settled however EPS was not initiated.
- Delay in receiving Annexure-K by previous Employer.
- Delay in approval of Field Officer.
What are important points to be remembered before applying PF transfer request?
If any employee ensure below points before applying PF transfer he/she will not face above problems,
- Name, Father’s name, Date of Birth of PF member shall be same in UAN card, Aadhar Card, PAN card & Bank account number.
- Mobile number shall be linked to Aadhar & UAN in which OTP to be received while applying.
- KYC shall be updated before applying.
- Date of Exit shall be mentioned by employer ,if not then employee shall fill the correct date and then apply transfer request.
- EPF passbook shall be checked and ensured that old PF amount shall be settled and mentioned in Green colour.
- Annexure K shall be obtained from previous employer if the previous establishment is run by Trust.
What are the documents required for transferring EPF?
KYC like Aadhar Card, Bank Account Number, PAN cards shall be updated in the UAN portal.
Annexure-K is required if the EPF member is registered under Exempted Establishment, i.e. Trust
What to do if EPFO keeps rejecting my online transfer claims?
An employee shall write actual and specific query in EPF grievance portal and take the help from EPFO officials. Mostly they provide the actual issues and by complying those they approve transfer claims.
Benefits of EPF transfer
- Enjoy the compound interest of previous EPF accumulated amount.
- Easy & smooth on click withdrawal from one EPF account after retirement.
- One pension account also help in the same way to the beneficiary.
Conclusion & Call to Action
If you are at this position of article you must have understood How to transfer EPF online in UAN portal and is PF transfer beneficial rather than PF withdrawal, so just wait three month after joining new company and follow above mention steps to transfer PF amount and grow your fund.
Q&A Section:
Let us now understand some practical aspects of How to transfer EPF online in UAN portal by reading the answer of below mentioned questions.
What steps to be taken before applying transfer request?
First, before applying EPF transfer request you must check in your passbook that the previous accumulated amount of the previous EPF account number shall be settled by RPFC. The final settled amount must have shown in green front colour. Generally, after a period of three months the RPFC start effective settlement in the passbook. So, you should start applying EPF transfer after expiry of three months. Secondly your KYC must be update, otherwise you are not able to apply EPF transfer request.
How to fill Form 13 for PF transfer online?
Given above the Step-by-step Guide for online EPF transfer.
Is it necessary to submit form 13 for EPF transfer?
Yes, it is mandatory. Earlier through offline mode it was accepted, Now a day only online mode Form 13 submission is considered.
Why is Form 13 is mandatory for EPF transfer?
It is mandatory for both the Hiring Employer & EPF officials wants to know the details of personal information and the written consent of the member.
Why Form 13 is rejected?
Various reasons are given below:
- Mismatch of details the personal information like Name, Father’s name, Date of Birth etc of the member.
- Unavailability of Annexure K
- Non approval of Previous Employer
- Non mentioning of Date of Exit both in EPF & EPS column.
- Non updating of KYC
Who should form 13 sent to?
Form 13 is applied by the member through online mode in UAN Portal. After submission of Form 13 it is redirected to previous/Present Employer as per the choice of the employee. After the approval of Employer, it will be redirected to Field Officer. i.e. EPFO official for further verification & submission of their final approval.
Is Form 11 is mandatory for EPF transfer?
Yes, it is mandatory because when a person joins in a new Organisation or switch job from one organisation to another Organisation at that time the concerned employer required declaration Form from the person. By Form-11 employee gives his/her consent to Employer and EPFO for becoming a member of EPF.
When a Form 11 or Declaration form is collected from employee that new EPF number is generated for the employee and that Number is linked to Current UAN number than only the employee cane able to apply EPF transfer through Form 13.
What is the meaning of Form 13?
Form 13 is meant for EPF transfer from Previous EPF account to New EPF account. Where it is required to provide the details of old EPF account and your consent to transfer the accumulated fund to your new account.
How to transfer EPF to NPS?
EPF is controlled by Employee Provident Fund Organization (EPFO) and National Pension Scheme is controlled by National securities Depository Limited (NSDL). Pension Fund Regulatory and Development Authority (PFRDA) is the governing body for National Pension Scheme. Though both the scheme are controlled under Central Government, Corporate body are different, So fundamentally no transfer occurred between EPF & NPS.
How to transfer EPF pension contribution?
Like EPF transfer EPS amount shall be transferred from old Pension account to new pension account.
How to transfer EPF to new company/new employer?
In UAN portal PF transfer request(form 13) is to be applied via online mode after completion of three month of switching to a new Organisation.
How to transfer EPFO money?
In UAN portal PF transferred request form-13 to be filled in online mode and after three month of switching new Organisation.
How to transfer EPF & EPS online?
Employee has to apply Form-13 vis online mode in the UAN portal for transferring both EPF & EPS amount from old PF account to new PF account. It is the same process followed and understand How to transfer EPF online in UAN portal.
How to transfer EPF to a company managed trust?
Same process is followed by applying in UAN portal, however Annexure K is required to company managed trust.
How to transfer EPF to PPF?
No transfer occurred between EPF and PPF as EPF scheme is run by EPFO and PPF is run by bank.
How to transfer EPF amount to bank account online?
You have to apply PF withdrawal by provide your bank account cheque to transfer EPF amount from your PF account number.
What happens if I don’t transfer my PF new company?
IF you don’t transfer you PF amount to your new PF account, the corpus remains unaltered and no interest is counted on that money, technically you ended up loss at the time of withdrawal.
Can a new employer see PF old account
Yes, when you send PF transfer request to new employer for approval, at that time they can see your old account number.
Is there any time limit to transfer PF from one company to another?
Yes, minimum three month required after switching to a new Organisation.
Can I work in two companies with same PF account?
No, you can not hold same PF account number in two companies, however you UAN will be same and all PF account number shall be linked to it.
Can I transfer my PF after 5 years of leaving company?
Yes, You can but it advisable to complete transfer as soon as you can.
How many times we can transfer PF online?
We can transfer PF amount when we switches our service from one Organization to anew Organization.
After how many days should we initiate a PF transfer from joining new employer?
Three month after joining new employer we shall initiate PF transfer request.
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