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Business News » EPFO News

EPF online transfer: Follow these six easy steps guided by EPFO to transfer your Provident Fund account

EPF online transfer: The Employees' Provident Fund account, or EPF account, is a saving instrument that was introduced under Employees’ Provident Fund and Miscellaneous Act, 1952. 

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EPF online transfer: Follow these six easy steps guided by EPFO to transfer your Provident Fund account
An EPF account is considered one of the best saving instruments for those who do not want to not take extra risk and want to accumulate money for their retirement. Source: EPFO Twitter
Reported By: ZeeBiz WebTeam
Written By: ZeeBiz WebTeam
Edited By: Harish Dugh
Updated: Thu, Dec 24, 2020
01:52 pm
Patna, ZeeBiz WebDesk
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EPF online transfer: The Employees' Provident Fund account, or EPF account, is a saving instrument that was introduced under Employees’ Provident Fund and Miscellaneous Act, 1952. Run by the EPFO, this scheme promotes saving through its E-E-E model— investment in EPF, interest from EPF and withdrawal from EPF is tax exempt. The employer and employee contribute 12% each of the employee’s salary (basic + dearness allowance) to the EPF account. 
EPF online transfer of account: 

An EPF account is considered one of the best saving instruments for those who do not want to not take extra risk and want to accumulate money for their retirement. But sometimes people need to do an EPF online transfer of account from old employer to new employer but they do not know how to do it. Employees’ Provident Fund Organisation (EPFO) has recently introduced an EPF account online transfer process to transfer your money from one account to another. This EPF online account transfer method saves a lot of time and lets the user transfer his provident fund from the comfort of his home or office. To make it further easy for you, EPFO has explained EPF account online transfer process in stepwise manner on its official twitter handle. 

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EPF account online transfer process: This is how you can do it in six-easy steps:
Step 1  Visit Unified Member Portal and login with UAN and password.  
Step 2 Go to ‘Online Service’ and click on ‘One Member One EPF account (Transfer Request)’
Step 3 Verify personal information and PF account for present employment
Step 4 Click ‘get details.’ PF account details of previous employment would appear.  
Step 5 Choose either previous employer or current employer for attesting EPF account form
Step 6 Click OTP to get EPF account related OTP on UAN registered mobile number. Enter OTP and click submit. 
Your EPF account online transfer process is complete.
 

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TAGS:
EPFProvident Fund
RELATED NEWS
EPFO members alert! Provident Fund regulator credits 8.5 pct PF interest; do EPF passbook balance check online at epfindia.gov.in EPFO members alert! Provident Fund regulator credits 8.5 pct PF interest; do EPF passbook balance check online at epfindia.gov.in
Employees Provident Fund (EPF) wage ceiling: PF deduction on Rs 21,000 instead of Rs 15,000 likely soon  Employees Provident Fund (EPF) wage ceiling: PF deduction on Rs 21,000 instead of Rs 15,000 likely soon
Unable to check EPF balance post-EPFO interest credit without UAN? Do this at epfindia.gov.in Unable to check EPF balance post-EPFO interest credit without UAN? Do this at epfindia.gov.in
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