Automatic PF Transfer: Currently, a subscriber provides his UAN to the new employer who uses it for depositing his EPF contribution
Subscribers of retirement fund body EPFO would not require to file employee provident fund (EPF) transfer claims on changing jobs from the next fiscal as the process would be made automated, according to a labour ministry official.
“The EPFO is testing the automation of EPF transfer on changing jobs on pilot basis. The facility for all subscribers is expected to be launched any time next year,” a senior labour ministry official said.
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The official said, “The EPFO had engaged the C-DAC to study its operating systems to achieve the goal of becoming paperless organisation. At present, 80 per cent of the work is being done online. The automated transfer of EPF on changing jobs is one of the tools to be used to achieve that objective.”
This will enable the employee to get the credits of his EPF contribution during his previous tenure with the old employer into his UAN automatically.
At present, after changing a job, a subscriber provides his UAN to the new employer, who uses it for depositing his EPF contributions.
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