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ONLINE EPF TRANSFER PROCESS

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..... ONLINE EPF TRANSFER PROCESS
By: - CSLalit Rajput
Corporate Laws / IBC / SEBI
Dated:- 1-7-2020

Employees' Provident Fund Organization (EPFO), India Ministry of Labour & Employment, Government of India has issued Instructions for transfer online EPF during this Pandemic situation (COVID-19)" In case of change of Job, it is important to switch EPF account from previous emplo .....

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..... yer to the new employer. * Prerequisites: * must have active UAN (Universal Account Number) * If UAN is inactive, kindly activate at https://unifiedportal-mem.epfindia.gov.in/memberinterface * UAN Holders details should be updated which includes such as Aadhaar details, Bank details etc. * details can be checked in the 'KYC' option under the 'Manage' tab after logging i .....

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..... n to your account. * Mobile number should be active. * at least one of the employer's - previous / present - DSC must be registered on the portal * PF number of both past and present employers are registered on the EPFO database * Documents required for EPF transfer * Valid ID proof (Aadhaar, PAN card, or driver's licence) * Revised Form 13 * UAN * Mobile phone with registere .....

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..... d SIM * Current employer's details * Bank account number (salary account) * Old and new PF account details * How to transfer EPF Online: 1. Login to Member Interface of Unified Portal https://unifiedportalmem.epfindia.gov.in/memberinterface 2. Login with your UAN and Password 3. Click on "Online Services" and then click "One Member - One EPF Account (Transfer request)" 4. Verify "Per .....

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..... sonal information" and "PF Account " for present Employer 5. Click on "Get details" and view PF Account details of previous employment. 6. Click to select Employer (Previous / Current) for Attestation. 7. Click on "Get OTP" (OTP will be send on UAN Registered Mobile Number) 8. Enter the OTP and click "Submit" Tracking ID will be reflected post successful submission. Unified Members Portal: h .....

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..... ttps://unifiedportal-mem.epfindia.gov.in/memberinterface * Tracking Mechanism to check the status of online transfer of EPF account 1. UAN Holder will track the status through the Member e-SEWA portal. 2. Click option - 'Track Claim Status' under the 'Online Services' Tab. Conclusion This whole transfer process has to be done to reduce overall tax liability from the balance .....

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..... accumulated in two separate accounts (Account with Previous and New Organization). An EPF account becomes inactive after leaving a job. The status of the form is changed to 'approved' by the employer post Employer approval. The Process is simple and easy and generally, it took a period of two months to complete the whole transfer process.
Scholarly articles for knowledge sharing by authors, e .....

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..... xperts, professionals .....

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