Wednesday, 12 December 2018

Online PF Transfer - How to transfer PF amount easily to another account

Why transfer your PF account without closing it?

While changing occupations and joining another business, a worker has an alternative to close the old PF record and open a crisp one. In any case, it is more astute to exchange the old PF account assets to the upgraded one. Prior, the exchange included some printed material, such as presenting the exchange shape from an old manager to the enhanced one, yet with dispatch of an online self-benefit entryway by EPFO this has turned out to be less demanding and bother free.

Advantages of EPF Transfer:-

  • While shutting an old record before 5 years, the sum ends up assessable. However, on the off chance that you essentially exchange the assets, you get the opportunity to make the most of your well deserved cash in full. 
  • You can profit halfway withdrawal on your PF assets for reasons like acquiring/building a house, medicinal treatment, marriage of possess or little girl and so forth. 
  • You gain the common rate of enthusiasm from EPFO, over the long haul this turns into a generous total because of the intensity of exacerbating. 

EPFO gauges say Rs.22,000 crores were lying with the association as of March 2013. Since these records were torpid for a long time, they were not winning any intrigue as well.

A complete step by step guide for online transfer of PF funds:-

In the event that you have just been doled out a Universal Account Number, you can exchange reserves effectively. Approach your boss for UAN, in the event that you haven't got it. 

  • Go to the EPFO site at and make your UAN based login ID. 

  • This will take you to a page where you need to enter your UAN, versatile number and subtleties of current business like state, foundation number and record number. 

  • At that point you have to check if account is qualified for an exchange on the EPFO site. You have to fill in the state where the business was found and hunt by name or foundation number from a dropdown menu. 

  • After you have filled in the subtleties, tap on Check Eligibility. 

  • The site will at that point let you know whether your record is qualified, or not. On the off chance that it is, you can enlist on the EPFO site. 

  • You need to present a legitimate picture ID such PAN card, Aadhaar or driving permit. The site will likewise send a PIN to your portable which you need to check. 

  • Presenting the PIN effectively will give you an affirmation message. Proceed further. 

  • This will take you to the EPFO Member Claims Portal, To sign in you need to give the archive ID and telephone number. In the wake of marking in, you can see all alternatives. 

  • Go to the best tabs and tap on Request for exchange of record. 

  • You would now be able to access and fill in PF exchange frame. It has three expansive parts: 

  • Initially, you need to enter individual data in the initial segment. Other than your name and email you need to enter IFSC code of the bank and your pay account number. 

  • In second part, fill in subtleties of your old PF account 

  • To some degree three, fill in subtleties of current PF account. 

  • The case can be bore witness to by your past or current manager. It requires some investment for their conclusion to do it. 

  • After the shape is accurately filled in, you can click review to check whether the data is right. Or on the other hand else adjust. 

  • In the wake of guaranteeing all the data is right, enter the captcha and get PIN. Likewise click "I Agree". 

  • In the wake of entering the PIN, the case exchange is started. 

You can likewise check the status of your assets exchange through the entrance. If there should arise an occurrence of any hitches you may enquire at the past/current manager end or write to EPFO specifically. 

This is the means by which simple, the assets exchange of PF has turned out to be through the online gateway.

How to go about PF Transfer?

Know more about: UAN


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