There is good news for people working in the private sector. According to a circular from EPFO, now there will be no need to send an online application from the old or new company for PF account transfer. Know which subscribers will benefit from this…
Transferring PF account: There is good news for people working in the private sector. The Employees Provident Fund Organization (EPFO) has made the process of transferring Provident Fund (PF) account very easy for subscribers who change jobs. According to a circular issued by EPFO on Wednesday, in certain cases, there will no longer be a need to send an online application from the old or new company for PF account transfer. 12% of the basic salary of people working in the private sector is deducted for the EPF account. Also, the company also deposits the same amount in the employee’s PF account.
Out of the money deposited by the employer, 8.33% goes to EPS (Employees Pension Scheme), while the remaining 3.67% goes to EPF. EPFO has crores of subscribers. According to a circular issued by EPFO on January 15, 2025, now there will be no need to send an online application from the old or new company for PF account transfer. That is, subscribers will be able to claim for account transfer themselves. Know which subscribers will get the benefit of EPFO’s circular.
-Transfer within the same UAN (UAN issued on or after 01/10/2017)
If the same UAN (Universal Account Number) is linked to multiple member IDs and linked to Aadhaar.
-Transfer between different UANs (both issued on or after 01/10/2017)
If an employee has multiple UANs linked to the same Aadhaar, the system identifies them as the same individual, allowing seamless transfer without employer involvement.
-Transfer within the same UAN (UAN issued before 01/10/2017)
For old UANs, PF transfer works only if the UAN is linked to Aadhaar and the name, date of birth (DOB) etc. details in the member ID match.
-Transfer between different UANs (at least one issued before 01/10/2017)
Transfer between multiple UANs (one older) is allowed if both UANs are linked to the same Aadhaar and personal details (name, DOB, gender) match.
Linking of UAN with Aadhaar and matching of personal details in all cases will result in fast PF transfer without employer verification.
What is UAN?
Universal Account Number (UAN) is a 12-digit number given to every employee who contributes to the Employees’ Provident Fund (EPF). The Employees’ Provident Fund Organisation (EPFO) issues this number.
How to link EPF UAN to Aadhaar on EPFO portal
Step 1: Visit the Member e-Sewa website and log in to your EPF account using UAN login credentials.
Step 2: Click on the KYC option under the ‘Manage’ menu.
Step 3: Select Aadhaar and enter your Aadhaar details.
Step 4: Click on Save.
Step 5: Your Aadhaar will be validated using UIDAI data.
Step 6: After KYC is completed, Aadhaar will be linked to the EPF account.
