How to streamline your EPF account transfer online
What's the story
Transferring your Employees' Provident Fund (EPF) account online can save your time and make things less paper-heavy. The whole process has become a lot easier with digital advancements, letting employees manage their funds without any hassle. Knowing the key steps involved in this online transfer can ensure a hassle-free transition of your EPF account from one employer to another. Here are some essential tips to streamline your EPF account transfer using online portal.
Drive 1
Verify UAN and KYC details
Before starting an EPF transfer, make sure your Universal Account Number (UAN) is active and linked with your current employer. Also, make sure that all Know Your Customer (KYC) details like Aadhaar, PAN, and bank account details are updated and approved by the employer on the EPFO portal. Accurate KYC details are extremely important for a successful transfer process.
Drive 2
Use the Online Transfer Claim Portal
The Employees' Provident Fund Organisation (EPFO) provides an Online Transfer Claim Portal (OTCP) to facilitate easy transfers. Simply log in with your UAN credentials and head to the "Transfer Request" section. Fill out the required forms carefully, choosing either the previous or the current employer for attestation, whichever is more convenient. This step ensures all relevant data is captured correctly for processing.
Drive 3
Track your transfer status regularly
Once you've submitted your transfer request via OTCP, check its status on the portal regularly. Monitoring helps flag discrepancies or delays at the earliest. If there are issues, or if the request is still awaiting approval on either employer's end, prompt follow-up can expedite its resolution and prevent unnecessary hold-ups.
Drive 4
Contact employer for assistance if needed
If you face difficulties in any stage of the online transfer process, do not hesitate to contact your HR department or concerned personnel at both your previous and current employer. They can guide you to resolve issues pertaining to documentation or approvals required from their end.
Drive 5
Keep documentation handy
Keep copies of all relevant documents such as salary slips showing PF deductions, Form 13 submission proof, UAN card copy, etc., during this process. Keep them handy till you receive completion confirmation through SMS/email notification from EPFO regarding successful fund transfer into new account number linked with current employment setup.