EPFO's New PF Transfer Process
Now, EPFO has made transferring PF balance from one employer to another employer easy. The funds will now be automatically transferred when an employee changes jobs. All you have to do is submit the newly introduced Form-11 duly filled to the new employer. In turn, the new employer has to upload Form-11, and after verification of details, the transfer process will be initiated. The employee will also receive an SMS on their registered mobile. After sending the SMS, EPFO will wait for ten days to commence the process to ensure the employee has not requested to stop the transfer. The employee does not need to personally visit the previous employers.
Eligibility and Requirements
However, this process is available to those who have a UAN introduced after 2014, which contains Aadhar details. If the mobile number given in Aadhar and the present one differ, then the same has to be changed using the UIDAI portal. If an employee does not have a UAN and/or is not Aadhar seeded and verified by the previous employer, EPFO rejects the transfer request. Online transfer is also not possible if the employer does not have a digital signature.
Recent Guidelines
As per recent guidelines from EPFO, auto transfer of PF while changing jobs will be entertained only after the first payment of the new employment is received against the UAN flagged for such transfer. It is also necessary that the UAN of the member is activated, Aadhar seeded, and verified by the previous employer.
Thank you,
Sreedhara Murthy