North India Statesman
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EPF Account Transfer: When you change jobs, you are tempted to get a new role and new salary, but transferring PF money seems to be a big problem. But now this problem is no more, Employees Provident Fund Organization (EPFO) has made a big change and has started the facility of automatic fund transfer for PF account holders. Therefore, now account holders will not need to manually request for PF transfer while changing jobs.
EPFO has made this process very easy through its Automatic EPF Account Transfer facility. This facility ensures that your EPF balance is easily transferred from one employer to another without filling any forms or doing any paperwork. This process has now become very efficient, you are updated about the transfer status through regular SMS or email notifications.
What is EPF Automatic Transfer Facility?
The EPF automatic transfer facility allows you to easily transfer your EPF balance from your old employer to the new employer when you change jobs. Earlier, employees had to manually apply for transfer of their EPF funds, but with this facility, now the transfer starts automatically once you link your Universal Account Number (UAN) with your new employer. Is.
This ensures that your EPF account remains the same throughout your career, making it easier for you to manage retirement savings.
How does the automatic transfer feature work?
The process of automatic EPF account transfer is quite simple. Let us know how it works (How Does the Automatic Transfer Facility Work?).
Universal Account Number (UAN): Every EPF member has a different UAN. That means no matter how many jobs you change, your UAN remains the same.
New Employer Registration: When you join a new company, your employer registers your UAN on the EPFO portal under its establishment. This step links your new employment details with your existing UAN.
Automatic Transfer Trigger: Once your new employer registers your UAN, the EPFO system automatically starts transferring your EPF balance from your previous employer to the current employer.
Notification via SMS or Email: Once the transfer request is initiated, EPFO sends a notification to the registered mobile number and email linked to your UAN, informing you about the status of the transfer.
Successful Transfer: The EPF balance from your old employer is credited to your new EPF account within a few days.
Terms and conditions for automatic EPF transfer
The following conditions must be fulfilled for the automatic EPF transfer facility to work:
Active UAN: Your UAN must be active and linked to your old and new employer.
Aadhaar Verification: Your UAN must be verified with Aadhaar. This ensures that your identity is valid for all employers and helps in smooth transfer of funds.
Mobile Number and Email: The mobile number and email must be linked to your UAN to receive notifications and updates from EPFO.
Previous EPF Account: Your UAN must be correctly mapped to your old EPF account and updated with the required KYC details.
If any of these conditions are not met, you may have to raise the transfer request manually through the EPFO portal.
What to do if automatic transfer does not work?
In some cases, automatic transfer cannot be initiated due to discrepancies in UAN linking, KYC details or other factors. If automatic transfer doesn't work, you can:
Update your UAN details: Make sure that your UAN is correctly linked with your Aadhaar, PAN and bank details on the EPFO portal.
As transfer may get delayed due to incomplete KYC.
Manual Transfer Request: If the automatic transfer fails, you can log in to the EPFO member portal and apply for EPF transfer manually under the 'One Member One EPF Account' service.
Contact EPFO: If the issue persists, you can contact the EPFO Help Desk or visit the nearest EPFO office for assistance.
Follow the steps below to check your EPF transfer status:
Visit EPFO portal: Login to EPFO member portal using your UAN and password.
Go to 'Track Claim Status': Visit the 'Track Claim Status' option on the portal to check the status of your EPF transfer request.
Check SMS/Email: Keep an eye on your registered mobile number or email for notifications from EPFO regarding transfer status.
EPFO's automatic EPF account transfer facility has made the process of changing jobs easier for employees. If you are also going to join a new job soon, then to take full advantage of this service, make sure that your UAN is up-to-date and linked to KYC details.
