Saturday, January 18, 2025
Home Business EPFO to allow members to transfer account without involving employers

EPFO to allow members to transfer account without involving employers

by
0 comment

Jan 18, 2025 08:22 PM IST

It is expected that the move will reduce delays in and make the PF transfer process more efficient.

The Employees’ Provident Fund Organisation (EPFO) has introduced a set of reforms to eliminate the need for routing online transfer claims through an employee’s current or past employers.

The Employees Provident Fund Organisation (Mint)
The Employees Provident Fund Organisation (Mint)

Also Read: EPFO fined ₹1.5 lakh for not revising pension amount

The simplification is applicable to:

(1.) Transfers between member IDs linked with the same Universal Account Number (UAN) allotted on or after October 1, 2017, and linked with Aadhaar.

(2.) Transfers between member IDs linked with different UANs, where these UANs were allotted on or after October 1, 2017, and linked with the same Aadhaar.

(3.) Transfers between member IDs linked with the same UAN allotted before October 1, 2017, provided the UAN is linked with Aadhaar and the member’s name, date of birth, and gender are identical across the member IDs.

(4.) Transfers between member IDs linked with different UANs, where at least one UAN was allotted before October 1, 2017, and is linked with the same Aadhaar, are also eligible, provided the name, date of birth, and gender match across member IDs.

Significance for employees

It is expected that the move will reduce delays in and make PF transfer more efficient.

Also Read: EPFO pitches amnesty plan for PF payment violations

Benefits

(1.) Faster transfers (eliminating employer involvement)

(2.) Convenience (manage transfers directly through portal)

(3.) Enhanced transparency

Steps to link EPF UAN with Aadhaar

(1.) Visit the EPFO e-Sewa website and log in with UAN, password and captcha.

(2.) Click on ‘KYC’ under the ‘Manage’ menu and select the Aadhaar checkbox in the KYC age.

(3.) Enter the 12-digit Aadhaar number and name (as per Aadhaar).

(4.) Click ‘Submit’ to save the details for verification.

(5.) Aadhaar information will be validated against UIDAI records.

(6.) Once validated successfully, your Aadhaar will be linked to your EPF account

Recommended Topics

You may also like

Leave a Comment

About Us

Welcome to Janashakti.News, your trusted source for breaking news, insightful analysis, and captivating stories from around the globe. Whether you’re seeking updates on politics, technology, sports, entertainment, or beyond, we deliver timely and reliable coverage to keep you informed and engaged.

@2024 – All Right Reserved – Janashakti.news