POSTED BY October 23, 2018 NO COMMENTSON
Good news …
Now it has become much easier to transfer your EPF accounts while changing jobs. You no longer have to file separate EPF transfer claims using Form-13 after changing jobs. It will now be done automatically. EPFO has introduced a new composite form called Form 11 that will replace Form 13 in all cases of auto transfer.
In this article I will tell you the process of transferring your EPF account in case you are changing your job.
EPFO i.e. Employee’s Provident Fund Organization has introduced the online portal to transfer your EPF account from one employer to another employer.
Old Process –
Earlier, transferring EPF account from one employer to another employer was quite a hassle for an employee for which employees needed to wait for a prolonged time period. As per the old process, one had to complete the process only through offline mode which resulted in various problems like misplacing your documents, taking a long time to get the claim approved and a communication gap which had proved as a major problem.
New EPF composite form 11 –
Form 11 is a composite declaration form, which includes all the basic details of the employee such as Name, registered mobile number, bank account number, PAN number, date of birth, date of joining, etc.
From now on, employees have to fill only form 11 to his employer at the time of changing his job, and his EPF account will be transferred to his new employer automatically. But for this process employee’s UAN must be linked with his Aadhaar number, so that the employer can verify employee’s details and e-KYC.
The introduction of this new online portal has saved lots of effort from every employee and made this process a lot easier.
Let’s see the process of how to transfer EPF online.
Here in this process, I have classified all the steps into 3 categories according to the work done by employee, employer, and EPFO. Now let’s see the steps –
What employee has to do –
What employer has to do then –
Further process –
The process will be completed unless –
Watch this video to know how to merge EPF account from one company to another company:
Let us know if you understood the process? Have you tried doing this?
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