Get Instant Loan up to ₹10 Lakh!
Provident fund transfer: EPFO relaxes norms, no need to route PF switch through present, former employers| Details
EPFO has done away with the requirement to route the provident fund transfer process through previous and current employers, making it simple for employees changing jobs.
The Employees Provident Fund Organisation (EPFO) has done away with the current requirement for employees to submit online transfer claims to previous and present employers, in a bid to simplify the process. It is not clear when this will take effect, but the EPFO circular regarding this is dated January 15.
Who will benefit?
- Account transfers between member IDs linked with the same UAN, where the UAN was allotted on or after October 1, 2017, and linked with Aadhaar.
- Transfers between member IDs linked with different UANs, where UANs were allotted on or after October 1, 2017 and linked with the same Aadhaar.
- Transfers between member IDs linked with the same UAN, where the UAN was allotted before October 1, 2017, are linked with Aadhaar, and the name, date of birth, and gender are identical across the Member IDs.
- Transfers between Member IDs linked with different UANs, where at least one of the UANs was allotted before October 1, 2017, is linked with the same Aadhaar, and the name, date of birth , and gender are identical across the Member IDs.
What is UAN?
A 12-digit number assigned to every employee contributing to the Employee Provident Fund (EPF) is known as a universal account number or UAN. This number is issued by the EPFO.
Also Read | What is the process to merge two EPF UANs?
How to link UAN with Aadhaar on the EPFO portal?
Step 1: Go to the e-sewa website and by using your UAN details, log in to your EPF account.
Step 2: Select the Know Your Customer (KYC) option under the ‘manage’ menu.
Step 4: Choose the Aadhaar option and put your Aadhar information.
Step 5: Save all the details.
Step 6: The Aadhaar details will be verified through UIDAI data.
Step 7: After finishing the KYC process, your Aadhaar card will be linked to your EPF account.
Catch all the Instant Personal Loan, Business Loan, Business News, Money news, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
Business NewsMoneyProvident fund transfer: EPFO relaxes norms, no need to route PF switch through present, former employers| Details
First Published:18 Jan 2025, 10:03 AM IST
- Top Gainers
- Top Losers
- 52 Week High