EPF online Transfer to Employee Provident Fund Bank account check now. Check EPF Claim & withdrawal procedure in EPFO UAN online portal.
Employee Provident Fund Organization (EPFO) was formed to govern the Provident Funds of employees. People who are employed in state, central and private organizations are deducted provident Fund as a part of their savings. In 2014 a resolution was passed by EPFO to manage the provident funds of employees on their own. Now the basic pay to deduct the EPF is 15,000 rupees. PF account holders will get minimum 1000 rupees as a pension to their life time.
Requirements for EPF Online Transfer in EPFO UAN Portal:
All the provident fund holders employees or employers must generate their EPFO UAN ID. It is nothing but Universal Account Number and Member login in Epf India website. To register as an employer or employee or pensioner visit epfindia.gov.in
KYC authentication should be completed, Aadhar UID Mobile number should be linked to EPFO UAN portal.
Employer’s permission to withdraw the funds and a cause declaration for the purpose of transfer or withdrawal.
There are two forms available for EPF online Transfer. Form 13 for Job transfer, Form 11 a composite form allows to withdraw pf balance in all circumstances.
How to withdraw & manage EPF Online Transfer on our own?
When employee has joined new organisation EPF Transfer application form 11 is to be submitted. They must mention their UAN number, Previous provident Fund account Number.
Employer management will furnish all the employee details provided with UAN and will validate them in case of any requirement.
After aadhar card is authenticated with Provident Fund account Number, was credited with previous account balance at the past employer.
Latest and updated PF balance details are received to mobile number via SMS alert from EPFO. If you did not object the transfer of funds, It is done automatically in 10 working days.
You can check the EPF Online Transfer status by logging into your Universal Account Number in EPFO UAN portal. For more info visit epf website.