PF Transfer Process: Almost all working people in the country have PF accounts. A fixed amount is deposited in the PM account every month. Earlier, after changing jobs and joining another job, there used to be a long race for PF transfer. As soon as people left the old company and joined a new one, people had to fill a form to transfer the money from their old PF account to the new account.
It was common to submit this form, wait for approval and then remain worried for weeks until the transfer was made. Now this problem has been removed. In the new system, no form is required for PF transfer. The entire process runs online and the system itself identifies your old and new PF account and sets up the transfer. Let us tell you the process.
PF transfer process made easier
Earlier, after leaving the job, Form 13 had to be filled to transfer the money from the old PF account to the new account. This was the reason why PF transfer became the most tedious task for many people. Now this process has become simple. As soon as you join the new company and keep the same UAN. The system itself tracks both your PF accounts.
Also read: Planning to buy instant geyser, note down small but valuable things
On the EPFO portal you just have to choose which account you want to keep active. The remaining money is automatically merged from the old account to the new one. No worries about the company, no worries about forms. The entire process is completed in a few clicks. With this, the delay and hassle of PF transfer while changing jobs has almost ended.
How to merge PF accounts
If you have left one job and joined another. And now two PF accounts have been created in your name. So merging them is now quite easy. First of all, login with your UAN on EPFO website or mobile app. As soon as you login, you will see the option of Transfer Request in the Service section. Here the system itself recognizes that you have more than one PF account.
Also read: To take the wedding procession, you have to book the entire compartment of the train, know the rules.
Now you just have to select the old account from which money is to be transferred and select the new account as the main account. After this your Aadhaar, PAN and bank details are automatically verified. As soon as confirmed, the request is submitted and within a few days the old balance gets merged into the new account. The entire process is completed without any form and without visiting any office.
Also read: Now the company will have to pay full amount after 48 hours of leaving the job, how much will be the benefit from the new rule?

