EPFO the retirement body fund is making all things easier for every person. This rule applies especially if you are EPF subscriber or employee provident fund member and when you are checking methods for online EPF transfer process. In this article you will know why you should re apply for EPF transfer if you applied for EPF transfer after 1 March 2017.
Use Unified EPF portal to transfer funds
You should know most important thing here and it is that from now onwards you use simple process to transfer funds. In case you wish to transfer EPF amount from previous company to current or new company. Then you can do so by going to Unified portal of EPFO.
However here also you follow rules and regulations. As they help you to transfer PF funds from one company to another company easily and in simple manner. You can now keep reading to know more about PF transferring process.
Things to have before you transfer PF funds
Before you transfer PF funds from one account to another account you should know some things. First is that you must have UAN number. (Here UAN full form is Universal Account Number). Second present employer verifies e KYC documents.
While KYC details include Aadhaar card number and bank IFSC code. Moreover you should seed KYC with UAN number. Hence when you have above things then you can easily transfer PF fund from old EPF account to current EPF account.
EPF transfer after 1 March 2017
If you started EPF amount transfer process after 1 March 2017 at online transfer claim portal then you follow change of rules. Here first thing is that you submit PF account transfer claim again. In addition employer takes print out of Transfer Claim Form and then employee will sign this form.
Further EPFO organisation asked all employers to clear all process of claims in one month. And when employee signs claim form then employer sends this form to EPFO official office. Besides all details in claim form for transferring PF should be correct.
So it is better that you check all details before sending it to EPFO office. You specially check date of joining and date of leaving. It is so because based on these dates employee gets EPF as well as EPS benefits.
You can also get housing subsidy but for this you must be EPF subscriber. It is so because this is under EPF subscriber housing subsidy scheme.
How to reapply for EPF transfer
- For this you first go to Unified Portal official website
- You click on https://unifiedportal.epfindia.gov.in/
- On official site you click UAN member e sewa tab
- Or you may click on this link to go to portal directly https://unifiedportal-mem.epfindia.gov.in/memberinterface/
- Later you log in to website by using UAN number and password
- Once you logged in then you click online services tab
- Additionally you click on transfer request
- Here you fill Transfer Claim Form online and download it in PDF format
- You then submit this form to your employer
- While you do not forget to sign it before giving it to employer
Further process
Once employer gets claim form for EPF account transfer in 10 days then employer digitally approves this transfer. However it happens after accessing employer interface from Unified Portal website.
As a result from now on authorities complete transfers of EPF in less time. In addition even EPFO decreased withdrawal time to 5 days online. Therefore it is simple to withdraw your EPF money. On other hand you can know how to link Aadhaar card with EPF UAN account number. This helps you for EPF transfer as well.