EPFO Rule Change: Easy Online PF Account Transfer, Check Benefits And Steps

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The Employees’ Provident Fund Organisation has made an important change regarding the transfer of provident fund accounts of employees online. It aims to make life easier for employees who change jobs often. Stepwise procedure and the advantages of online PF account transfer have already been discussed in detail.  

Advantages Of Online PF Transfer  

  1. Convenience: No more lengthy paperwork or physical visits to EPFO offices; this could also be initiated from the comfort of your home.  
  2. Saves Time: Transfer of funds would also take place faster and the approvals of the process to be significantly quicker.  
  3. Clarity: The status of transfer requests will also be visible online for the employees.  
  4. Account Consolidation: Usually, employees have many PF accounts because of job transfers. Online transfer facility helps put everything under one account.  
  5. Interest Continuity: This quick transfer of the account ensures that interest keeps accumulating, uninterrupted.  

Eligibility For Online PF Transfer  

  • The UAN of an employee should be both active and linked to his/her Aadhaar number.  
  • Both previous and present employers should have registered establishments with EPFO.  
  • KYC details (like Aadhaar number, bank details, and PAN) should also have been verified and updated against the employee.  

Steps For PF Online Transfer 

Follow the following simple steps to transfer your PF account online:  

1. Login into the EPFO Portal 

  • Refer to the official EPFO member e-Sewa portal: [https://unifiedportal-mem.epfindia.gov.in](https://unifiedportal-mem.epfindia.gov.in).  
  • Login with UAN, password and captcha.  

2. Select ‘Online Services’ Tab

  • Choose ‘One Member – One EPF Account (Transfer Request)’ option.  

3. Choose Employer for Validation

  • You can choose either your previous or current employer for verification of your transfer request via digital signature.  

4. Submit Transfer Request

  • Fill in the empty fields such as old PF account number and current PF account number.  
  • Confirm details followed by request submission.  

5. Track status

  • You can find your change request status under the portal option Track Claim Status.  

Conclusion  

The online PF transfer is now yet another step toward competitiveness in transparency, efficiency, and convenience for EPFO members. Employees should now find comfort in having easily transferrable funds and continuing interest accumulation without the burden of juggling several different accounts. This is an excellent arrangement for people who hop from job to job or have old PF accounts dating back to their previous employment because they can now pool all their resources together without that much hassle in the process.

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