Jagoinvestor

April 19, 2013

Online EPF Transfer and Withdrawal from July 1, 2013 – Great News !

Starting July 1, 2013 , EPF account holders will be able to withdraw or transfer their EPF accounts from one employer to another employer online. EPFO has said that they are working on setting up a central clearance house which will be operational from July 1, 2013 . One of the major problems faced by employees is to transfer their EPF accounts from one company to another when they change their jobs or to withdraw their EPF accounts after leaving their job, which takes years and months, without them having any transparency in the system and process. They are frustrated, lost and have no idea where to ask for their EPF status and to whom . Because of this delay, a lot of people just let things go and the matter drags for years and years

epf (employee providend fund) transfer or withdrawal online

You can also Track the Status Online

The best part is that you will be able to track your request online and will be able to see which stage your EPF withdrawal or transfer is ! .

Permanent EPF account number for each person

EPFO has earlier said that they are working on the permanent EPF account number where a employee once allotted a EPF account number will be able to use the same Employee provident fund number when he/she moves to another employer. The new employer will deposit the provident fund money in the same permanent account number. This will solve a lot of issues, but this would be possible only after 1-2 yrs , the first focus is on introducing a online withdrawal or transfer service.

Verification of Details after the request is put ?

Once you apply for withdrawal or transfer, the verification of all the details from employer will be done by EPFO . All you would have to do is just initiate the transfer or withdrawal request online (Its not clear how it will happen or what you need to exactly do). After that EPFO department will take charge and do their part of work by contacting the employer. Here is how the transfer would work

The member makes his transfer application at his new or old office or directly to the EPFO through an online application. The process is then taken over by the EPFO, which gets data verification from both offices and gets the transfer done immediately. Now, EPFO would do the work of getting details from both old and new offices where transfer is involved, says EPFO Commissioner Anil Swarup. – SOURCE

This will help 50 million Employee provident fund account holders , lot of paper work will be saved and surely the harassment will reduce . (Read how you can withdraw/transfer your EPF , if your employer is not supporting or helping you) . at this moment , a lot of withdrawal’s happen because employees know that its more easier and do not want to take chance for future issues due to the complex process. Hence this move will help a lot to EPFO department in retaining employees with their EPF’s .

What should you do right now ?

While the EPFO has said that this will be operational from July 1, 2013 , still there might be delays from their end (you know how deadlines work in real life , remember what happened with DTC (Direct Tax Code) ?) . If you can really afford to wait and want to try out this online system, then wait for 2-3 months and then give this a shot, else follow the usual process at this moment.

Conclusion

While its a welcome move and we should trust the EPFO department, still you know what happened with the EPF Online Passbook system by EPF , which is not up-to the mark and there are tons of issues with it. It might happen that this online EPF transfer and withdrawal system is built , but there can be huge disappointment with the way it would work . We can only wait and watch at this moment.

What do you feel about this move ? A lot of people might have faced bad experience while transferring and withdrawing their EPF accounts and would have wondered why dont EPFO makes every thing online. Now it comes !

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santosh iliger
santosh iliger
7 years ago

Dear sir I have resigned company in 2014 now I want withdraw my PF please tell me how to withdraw it and I have check my PF it’s showing balance but I don’t no how to withdraw and also I don’t have UAN

KOMATHI
KOMATHI
7 years ago

I was trying to do an online transfer of PF account from previous employer to the current one. I was able to generate a pin on my mobile phone and submit. But after that, the next page threw an error and no PDF was generated.
If I try the transfer again, I get the following message:
The attempted Request for Transfer of Account already exists on the system. Click here to view the status of your existing request.
Also, when I click on the link to view status of transfer claim, I get no transfer claim there.
I mailed [email protected] stating my problem but I got no reply.

Also, I got an SMS saying that the member details of my previous employment have been verified by previous employer wit a tracking ID.
But still on the online portal, I can see no entry when I view status of transfer claim/ How do I take print out of the pdf (Form 13) and submit to current employer?
I also tried call the toll free number for EPFO but no response. Can you please suggest what to do?

Rahul
Rahul
7 years ago

Hi Manish,
Thanks for our help…. I have applied for the online pf transfer but my previous company is closed and no one to approve the pf request.

Can you plz advise what I have to do now.?

Thanks and regards
Rahul shrivastava

hema
hema
7 years ago

Any documents needs to be attached for form 31 uan

raj
raj
7 years ago

how to apply online for pf

Biju
Biju
8 years ago

Sir my last assignment is with Reliance life insurance co which i left on July2015 .Now i think to withdraw my EPF online .But i don’t know my UAN no and even i asked my employer also after my resignation but they did not reply me.I used to find the same through EPFO helpdesk also but failed.Is there any way to find my UAN and password.?? Kindly help me

anup
anup
8 years ago

Sir mera naam anup kumar Upadhyay hai aur main Bhilosa industry private limited naroli silvassa me kaam karta tha maine vahan se Regine maar diya mera pf form bhi ok hai phir bhi mujhhe paisa nahin milraha hai office me aaya to vo bolte hai ke apni company se kyc le aao aur company jaao to vo daudate hai aur paresaan karte hai ke kal aao parson aao main bade biswaas ke ssath apni samashya apke ssth share kar raha hun apse nivedan hai ke aap meri madad kare aap ati kripa hogi mobile .

Satish
Satish
Reply to  anup
7 years ago

Hi Anup,
I am facing exactly same issue. When I try to make transfer, I face same problem like you. Has your issue been resolved? Can you please guide me too?

Thanks
Satish

Shashank
Shashank
8 years ago

I was trying to do an online transfer of PF account from previous employer to the current one. I was able to generate a pin on my mobile phone and submit. But after that, the next page threw an error and no PDF was generated.
If I try the transfer again, I get the following message:
The attempted Request for Transfer of Account already exists on the system. Click here to view the status of your existing request.
Also, when I click on the link to view status of transfer claim, I get no transfer claim there.
I mailed [email protected] stating my problem but I got no reply.

Also, I got an SMS saying that the member details of my previous employment have been verified by previous employer wit a tracking ID.
But still on the online portal, I can see no entry when I view status of transfer claim/ How do I take print out of the pdf (Form 13) and submit to current employer?
I also tried call the toll free number for EPFO but no response. Can you please suggest what to do?

sonu das
sonu das
8 years ago

How can i transfeer my pf to bank account online.

Rahul
Rahul
Reply to  Jagoinvestor
7 years ago

Hi Sir,

What can I do if my previous employer is not approveing online pf transfer request.?

LAHU
LAHU
8 years ago

I NEED YOU HELP TO
HOW TO I WITHDRAW MY EPFO ONLINE IF THERE ANY CHANCE PLEASE GIVE ME…

Rajeev
Rajeev
8 years ago

Hi,

I have applied for the transfer of PF amount online.

Upon checking in the website, the transfer claim status shown is : “Your request is In Transit between EPFO Out and In Office”. Could you please let me know the exact meaning of the status and how long does the transfer take?

Also, i have received an SMS from EPFOHO saying “Claim ID : PYKRP150950001008 is approved for payment through cheque. Pmt under process”. Does it mean my PF amount gets credited to my account?

Now, I’m confused whether the PF amount gets transferred to my new account or gets credited to my bank account.

Kindly let me know. Awaiting your response…!!

Thank you!

Rajeev

Anant
Anant
8 years ago

dear manish,
i joined private company A in august 2009 and served till february 2014 for which period i was entitled for PF. Later i have continuity of service as i joined the next day resigning company A to join company B which is of state government and unfortunately does not have PF option and is thinking of NPS option now.

so i served for about 4 years and 7 months in company A and next day i have joined company B (government run) where no PF is collected to date with total service of 6 years 1 month (both companies together)

Now what are my options and tax implications as PF account was opened in august 2009.
withdraw or wait for another 1.5 years and then withdraw.
if withdrawn what is tax liability even when i am in service or govt. employment.

will be great if you can please guide me for tax-free option in this case as now i am in 30% bracket and will loose 30% of PF amount if taxable when withdrawn.
thanks in advance

Debasish
Debasish
8 years ago

sir, i want to get my pf online to my account.please help me what is the process

shilpa
shilpa
Reply to  Jagoinvestor
8 years ago

Helloo,
Unfortunately I am unable to find the withdrawal form in EPFO site,Can you please help me out with it.

T.M.
T.M.
8 years ago

Hi Manish, I am leaving Company A to work at Company B. Company B is small and exempt from contributing to EPF. How do I withdraw the amount in my EPF account accrued from Company A?

Guest
Guest
8 years ago

I had transferred my previous company EPFs (two companies) to the third company. Will the EPS amount also gets transferred automatically? How to check whether the EPF and EPS are transferred along with the interest? It shows some amount is transferred. Once the amount is transferred, is the interest is calculated based on the transferred amount also?

amit
amit
8 years ago

l worked with a company five months, then i leave the job company provide me p.f slip i have not p.f account no. after two months i went to company but he could not fill my p.f form .
please tell me how the p.f withdrawal.

Thomas
Thomas
8 years ago

how to withdraw EPF balance to my bank account.
i have UAN no.

Subha
Subha
9 years ago

Hello Manish,

I am leaving my organisation after working for last 3.5 years to pursue higher studies. In that case I will not be having a job for next couple of years.
In this situation should I close my EPF account and withdraw the money?
If I do not close the account then what could happen? Will I be able to use the same account when I get a job again in future after completion of my studies?

Thanks in advance.

Regards,
Subha

Surendra
Surendra
9 years ago

Hello manish,
I worked with a Company A for 2 years till April 2014. From April 2014 to September 2014 I workrd with Company B. Presently, I am working with another company. I raised request to withdraw the PF amount of Company B and got the same. The problem is with the PF amount of Company A. When I left Company A, I raised a request to transfer the amount to Company B’s PF account but till now its not been transferred. Now I am confused whether the amount will be transferred somewhere in the coming months or not (as I have already withdrew all the money in it) or should I cancelled the request and raised a new request to transfer the same to my present company’s PF account?
Please help.

guest
guest
9 years ago

I am still not clear as to how the author of that article arrived at 50% higher savings, but what you have stated does make sense – saving early helps avoid need to plan for investing towards end of financial year!