If you have a PF account and you have changed jobs more than once or twice, then you need to merge your account, otherwise you may find it difficult to withdraw money.
If you work in the private sector, then you may have worked in more than one company till now. If you have worked in more than one company and your PF is deducted, then you are required to do one thing. By not doing this, when you withdraw money from the PF account, you will find it very difficult. In such a situation, know what the rules are and what you should do.
What is the rule- When you work in different places, then many accounts are generated in one UAN also, which are according to each company. If this is the case with you too, then it is necessary to transfer the old account to the new account now.
Only when you withdraw money by doing this, you are able to withdraw money from all accounts at once. You can see this information in your account on the official website of EPFO, how many accounts you have, which need to be merged.
How to merge accounts? – To transfer money from all accounts to one account, first of all, you have to update the exit date in all accounts, so that EPFO knows that you have left the job. You go to the Manage option in the EPFO website and go to the option of Mark Exit and mention the date of exit in all the companies except the current company.
After this, by going to the Online Services option in the home page, click on One Member- One EPF Account (Transfer Request). After clicking on this link you will see your details. After this there will be step wise process, which you will see. In this, you will be asked for approval from the present or previous employer and according to you, choose from whom you want to get approved.
In this, you fill your details and after that you will get the information and money will be easily transferred through OTP. Also, you will have to get it confirmed from the old company or the new company. In such a situation, you should try to stick to your present employer so that you can easily talk to the present company. Because only after the approval of the company, money will be transferred to the account.
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