What is the procedure for transferring a PF account from a previous company to the present company, and what is the time duration required for the complete transfer?
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The transfer of a Provident Fund (PF) account from one company to another involves a few steps. Firstly, you need to fill out a PF transfer form, which is Form 13. This form can typically be obtained from your current employer or the EPFO (Employees' Provident Fund Organisation) website. You will need to provide details such as your old PF account number, current PF account number, and both company's details.
Once you have filled out the form, submit it to your current employer. They will then initiate the transfer process by verifying the details and forwarding the form to the EPFO. The EPFO will process the transfer request, and the funds will be transferred from your old PF account to the new one with your current employer.
The time duration required for the complete transfer can vary. It usually takes around 20-30 days for the transfer to be completed, but this timeline can be influenced by factors such as the efficiency of the EPFO and the accuracy of the information provided in the transfer form. It is advisable to regularly check the status of your transfer request through the EPFO portal or by contacting your current employer's HR department.
If you have any specific queries regarding the transfer of your PF account, it is recommended to reach out to the HR department of your current company for assistance.
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The transfer of a Provident Fund (PF) account from one company to another involves a few steps. Firstly, you need to fill out a PF transfer form, which is Form 13. This form can typically be obtained from your current employer or the EPFO (Employees' Provident Fund Organisation) website. You will need to provide details such as your old PF account number, current PF account number, and both company's details.
Once you have filled out the form, submit it to your current employer. They will then initiate the transfer process by verifying the details and forwarding the form to the EPFO. The EPFO will process the transfer request, and the funds will be transferred from your old PF account to the new one with your current employer.
The time duration required for the complete transfer can vary. It usually takes around 20-30 days for the transfer to be completed, but this timeline can be influenced by factors such as the efficiency of the EPFO and the accuracy of the information provided in the transfer form. It is advisable to regularly check the status of your transfer request through the EPFO portal or by contacting your current employer's HR department.
If you have any specific queries regarding the transfer of your PF account, it is recommended to reach out to the HR department of your current company for assistance.