Online PF Transfer: If you have changed job then it becomes important for you to know how to transfer PF money to a new company.
Online PF Transfer Rule: Employees’ Provident Fund (EPF) is the best way to save money for working people. In this scheme, both the employee and the company deposit money together. In other words, some part of the salary is contributed towards PF. On this deposited money, returns are also available along with interest from the government. In such a situation, if you have changed your job, then also change the PF account in the new company. In such a situation, questions must arise in your mind that how to link the old PF account with the new company.
How to do online transfer
- Login to EPF account online by entering your UAN and Password. As soon as your account is opened, immediately click on Online Service. Click here and select the option ‘One Member – One EPF Account Transfer Request’.
- Here you have to enter your UAN or old EPF ID. After which the complete information about your account will appear on the screen in front of you. How much money is there, when it has been deposited and the name of the company will also be visible.
- After this choose the option to transfer the money deposited in the existing or old account. For this, you select the old account and click on One-time password to get the password.
- As soon as the OTP is entered on the screen, the request for online transfer will be sent to the employer. You can get information about the PF transfer status by going to the ‘Track Claim Status’ menu under ‘Online Services’.
- Let us tell you that on moving to a new company for PF, a new account can be opened but the Universal Account Number (UAN) remains the same. Data on employment and unemployment is collected through the opening and closing of PF accounts.
