Almost every employed person has a PF account. PF account is managed with the help of Universal Account Number (UAN). So we have to share our UAN number with our employer while starting the job. So that your PF money can be transferred in it. However, if you are going to change your current job and join another job, then you will have to transfer your PF account.
Why transfer of pf account is necessary
Transferring PF account is very important to continue your savings and profits while changing jobs. When you transfer your PF account, your deposit balance and interest gets transferred to the new account. This ensures that your savings keep growing, and that you don’t lose the money you accumulated in your previous job. Apart from this, you can also get the facility of pension, withdrawal of money and loan on the remaining amount by transferring your PF account.
This is how you can transfer your PF account
Step 1- To transfer your PF account, first you need to login to the Unified Portal (Member Interface) of EPFO at unifiedportal-mem.epfindia.gov.in/memberinterface/ using your credentials ie UAN number and password.
Step 2- After login, you have to go to the option of Online Services and click on One Member-One EPF Account (Transfer Request).
Step 3- After this you have to verify your personal information and PF account for the current job.
Step 4- After this you have to click on the option of Get Details to get the PF details of your previous job.
Step 5- You will get the option to choose your previous employer or present employer to attest the claim form, depending on the availability of the authorized signatory holding the DSC. You can select any one employer and provide the Member ID/UAN.
Step 6- After this you have to click on the option of Get OTP. After which an OTP will come on your registered mobile number. After this you have to enter OTP and click on submit.
After the completion of this process, the employer will accept your EPF transfer request digitally by visiting the employer interface of the Unified Portal. You will also need to fill Form 13 and download the Transfer Claim which will be in PDF format and submit it to your employer by signing the Online PF Transfer Claim Form.
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