Often when we go from one institution to another, there is a need to transfer EPF. For this, it is most important that you exit from the previous company on the EPFO portal. Earlier, it had to request from the old company’s HR department, but now it is not so. Now employees can also update their job leave dates.
Step-1: First of all visit EPFO website and login with UAN-password.
Step-2: Go to Manage here and click on Mark Exit.
Step-3: Select PF Account Number from Select Employment with drop down.
Step-3: Enter Date of Exit and Reason of Exit here and click on Update.
Step-4: Click on Request OTP and enter the OTP found on the mobile number linked to the base, press the Ok button. After this your Date of Exit will be updated successfully.
If you want to transfer your money from one PF account to another, then you do not need to go anywhere for this. You can transfer your EPF from home. Meanwhile, there is a good news for crores of account holders. The Employees Provident Fund Organization will add a lump-sum 8.5% interest to the Employees Provident Fund (EPF) accounts of around six crore shareholders for the financial year 2019-20 till December 31. A highly placed sutra has given this information.
Do this work to transfer money
Step-1: Go to Unified Member Portal and login by entering YAN and password here.
Step-2: Go to Online Serrvice and click on Online Member-One EPF Account (Transfer Request)
Step-3: Verify Personal Information and PF Account related to current employment
Click on Step-4 Get Details. You will see the details of the PF account of the previous company.
Step-5: Select previous or current employer for verification of form
Step-6: To get OTP on UAN registered mobile number, click on Get OTP and after entering OTP, click on Submit
Explain that after inserting OTP, your company will be requested for online money transfer process. This work will be completed in three days, first the company will transfer the money and then the field officer of EPFO will verify it. After the official verification, your money will be transferred. To check whether the transfer request is completed or not, you can check your status on the track claim status. For offline transfer, you have to fill Form 13 and give it to your old or new company
Keep this in mind while transferring money
If you are looking to transfer money from PF, then first the UAN (Universal Account Number) has to be activated with the account holder. Apart from this, the account holder bank account number, Aadhaar number and all the other details should be correct and reasonable.
What Happens UAN Number – EPFO provides Universal Account Number (UAN) service through which account holders can view their PF account balance. This number is like a bank account.
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