Online EPF Amount Transfer From One Account to Other

Online EPF Amount Transfer From One Account to Other

With KYC linked UAN the EPF account is now portable Check the new process involved in the transfer of EPF amount from one account to another online

Some new links are added to the portal of the Employee Provident Fund office by following the links employees can transfer the EPF amount from one account to another quickly As the process is completely online It is much easier and quicker to get an EPF account merged and individual has to do no struggle of visiting the EPF office

The process is quite easy and time-saving as well This is the easiest way to combine and collate the EPF amount at one password account with a UAN number

With the transfer process, One Member One EPF Account rule is attained and this help employees to have a single unique account with EPF for the entire working career The extra benefits and services by Government of India for the employees are easy to grab having the same account of EPF

Eligibility for EPF Transfer

To transfer the EPF amount from one account to another there are certain requirements that need to be fulfilled by the individual

  • At the EPFO portal, UAN registration must be completed properly
  • The employee bank details and IFSC codes must also be verified by the employees
  • To get the EPFO account transferred as EPFO KYC Aadhaar card is must
  • As per the EPFO, one member is allowed to transfer only one account ID

The quick steps to get EPFO account transfer from one account to another is given as the process is very easy Only one member ID transfer request can be made by individual

Online Process for EPF Account Transfer

  • Go to EPF Official website at epfindia.gov.in
  • Click the services and then employee option
  • Click the One Employee One EPF to open https://unifiedportal-mem.epfindia.gov.in/memberinterface/
  • Fill in your UAN number, password, and the captcha code
  • Click the online services option to choose the Transfer Request option
  • Choose the previous employer and enter the UAN number to get details
  • For transfer attestation of the previous employee is must
  • Fill in your UAN number and generate MID by clicking the get MID option
  • Click the OTP received and fill in the OTP for verification
  • Click the submit button
  • As the tracking ID is generated and displayed note it down This will be used to check the updated status
  • The request is sent to the employer to be approved digitally

The EPF amount transfer application is now with the employer and after accepting the transfer request will be redirected to regional office after approval from there the amount is transferred to the new mentioned account

Account Transfer Documents EPFO

Before transfer as EPFO KYC, there are certain important documents required Even if the transfer process is applied online

  • EPF Transfer Form 13
  • PAN Card, Aadhaar Card
  • UAN number of both accounts
  • Employer Details of Current company
  • Establishment Number and Account Number
  • Bank Details
  • New PF and Old PF account details

EPF Amount Transfer Reasons

To have a single EPF account for employees is mandatory and it has several reasons if the employee will not have a single set-up the points listed below will be applicable and the employee will be benefited in every aspect

  1. Any amount having less than 5 years of the term will be charged with TDS
  2. Your account will become ta free on the EPFO account combining if 5 years above period is made
  3. On savings, the EPFO will not give compound interests as by collaboration of two accounts amount gets larger
  4. The eligibility to become a pensioner will be fulfilled if the EPF account is for 10 years
  5. Benefits will be levied EPF gets closed every time by changing the job

Is it mandatory to link the Aadhaar card to the EPFO account?

Yes, as the Aadhaar card consists of all the employee’s basic information it is mandatory to be linked with EPFO or else the account remains on hold and the eligibility to avail any chosen services vanishes

  • UAN Card l EPF UAN Card Online Download pdf
  • EPF UAN Password Online Change/Reset at unifiedportal-mem.epfindia.gov.in
  • Online EPF Withdrawal at Member POrtal unifiedportal-mem.epfindia.gov.in
  • Father Name Update in EPF UAN Account Using Simple Process
  • Check PF Number of EPFO on Mobile App, Others and in Online
  • On Basic Salary EPF Calculation Formula as Per New Rules
  • From One UAN to Another PF Account Merger
  • Interest Rates EPF from 1952 to 2020, PF Interest Calculation at New Interest Rates
  • Date of Birth Correction EPF Online at UAN Login Portal
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