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.

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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.

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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.

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Nowadays, problems in the job world have increased a lot. Sometimes the company gets closed, sometimes the job is lost, and sometimes due to some reason we ourselves have to leave the job. In such a situation, the biggest fear is that what will happen to our PF now, will the money we have deducted from our salary for years? Will it all sink? If you also have such questions in your mind, then let us tell you today that if you have lost your job or you have left it yourself, then what will be the condition of your PF account and the money deposited in it?

Does the money deposited in PF account sink?

Even if you have lost your job and now no new deposit is being made in your EPF account every month, you do not need to panic. Your money remains completely safe. The rule of EPF Organization (EPFO) is that even if contribution is not received in an account for some time, the deposited amount still remains there, neither it disappears nor disappears. Even when you leave the job and no new contributions come in, interest continues to be earned on your old balance for the first three years.

When does PF account become active?

If there is no new contribution in the account for 3 consecutive years, then EPFO ​​considers that account as active. This means that now you will not get interest on it, but your principal amount and all the interest till now remains safe. You can withdraw the amount whenever you want. Also, according to the rules of EPF, if you have been unemployed for more than two months, then you are entitled to withdraw money from your account. If you want, you can withdraw some part or even withdraw the entire amount.

Always keep KYC and Aadhaar updated

Many times people do not update KYC in their old account, due to which it becomes difficult to withdraw money later. Therefore, always keep your Aadhaar number, bank account, PAN card and mobile number updated in your EPF account. If you have multiple PF accounts, merge them into one. You can do this work easily from EPFO ​​website or Umang app. This will not only make it easier to keep an eye on interest and balance, but there will also be no problem in making any claims in future.

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PF Rules: All the employed people in the country. Almost everyone has a PF account. Every month a part of the salary is deposited in this fund so that it can be used when needed. Till now people used to withdraw money from their PF account shortly after leaving the job. When there is a wedding or construction of a house or you need money for any important expense.

But now the employees will have to wait a little. The rules for PF withdrawal have been changed by the government and EPFO. This change will affect millions of employees who use provident fund as an emergency fund. Know the new rules.

Earlier, PF money could be withdrawn like this

According to the earlier rules, if an employee left the job, he could withdraw the entire money from his PF account after two months. This rule was for those who had not joined any new job. Many people used this money for personal purposes like marriage, building a house or repaying loans.

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EPFO had also given permission for early withdrawal in such cases with certain conditions. This means that the employee could withdraw his PF balance 60 days after leaving the job. This process could be done both online and offline and usually the money was credited to the account within a week.

Now what is the change in the new rule?

According to the new rules in PF accounts, now after leaving the job, the employee will be able to withdraw money from the PF account only after one year for marriage, construction of house or any personal need. This means that now you will have to wait not for 2 months but for 12 months. EPFO believes that this step will give people the habit of saving for the future and will help in using the funds for the right purpose.

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However, in cases like emergency medical need or permanent disability, the facility of immediate withdrawal will remain as before. The purpose of this change is to maintain the PF account as a long-term security. So that the employee is left with sufficient amount at the time of retirement.

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EPFO New Rules: All the employed people in the country. Almost everyone has a PF i.e. Provident Fund account. Every month, employees deposit 12 percent of their salary in it and the same amount is also deposited by the company. In this way, every month a fixed amount is reserved for the future of the employee.

On which good interest is also available. This amount becomes financial support for them after retirement or after leaving the job. But now the Employees Provident Fund Organization i.e. EPFO ​​has made changes in one of its major rules. Due to which people will take more time to withdraw PF. Know about the new rules.

Now we will have to wait for so many months

Earlier if a person left the job. So after being unemployed for two months, he could withdraw his entire PF balance. That means, full withdrawal facility was available within just two months. But now EPFO ​​has changed this rule and extended this period. Under the new rule, now a member will have to wait for full 12 months after leaving his job.

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Only then will he be able to withdraw the entire amount from his PF account. However, in case of unemployment, permission for partial withdrawal i.e. withdrawal of 75 percent amount will remain as before. EPFO says that this change has been made so that employees do not compromise on their pension and future financial security. Earlier people used to withdraw the entire money as soon as they left the job. Due to which pension eligibility was affected.

It will be easier for employees

EPFO has also simplified the process related to PF withdrawal. Earlier, when an employee retired or wanted to withdraw his money after leaving the job, he had to submit many types of documents for this. It was necessary to submit identity proof, bank details and other documents along with the application. Now this will not have to be done under the new rules.

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That means employees will be able to withdraw their PF without providing any document or reason. EPFO says that this change has been made keeping in mind the convenience of the employees so that they can get easy access to their money after retirement or unemployment.

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EPFO New Rules: Crores of employees in the country have PF accounts. In these, a fixed amount is deposited every month on which interest is also received. After retirement, people can withdraw the money deposited in their PF account. Employees Provident Fund Organization i.e. EPFO ​​has now changed the rules for this.

With this step, retired people will not face any problem in withdrawing money. Rather, the process will become easier and safer than before. How will retired EPFO ​​employees benefit from the new rules? What is this new change? Let us tell you the complete information.

What does the new rule for PF withdrawal say?

For all the PF account holders in the country, it has now become easier than ever to withdraw PF after retirement. Earlier, employees had to submit many types of documents to withdraw money. But now under the new rules this will not have to be done. That means members will be able to withdraw their money without providing any document or reason. According to the current rules, if a person is unemployed for one month.

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So he can withdraw up to 75 percent of his EPF balance. The remaining 25 percent can be withdrawn later. Union Minister Mansukh Mandaviya said that this change has been made keeping in mind the convenience of the employees and their financial security after retirement. The new rule has not only simplified the withdrawal process but has also increased transparency.

It will be necessary to maintain minimum balance

Employees will have to keep at least 25 percent of the amount in their EPF account as minimum balance. This is so that members continue to get the benefit of 8.25 percent annual interest and compounding. Earlier people used to withdraw the entire money as soon as they left the job. Due to which his pension duration was broken. Minimum ten years of service is required for pension.

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With this rule, members will now be able to continue their service period and the amount of pension they will receive in future will also not be affected. According to EPFO, this change will not only provide financial security to retired employees. Rather, they will also get the benefit of interest and long-term stability.

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Employed people in India contribute to the Provident Fund Retirement Fund, a social security scheme run by EPFO, for their future. This fund provides financial help to the employee in emergency. Whereas in PF, the contribution of both the employee and the employer is included. At present the government gives 8.15 percent interest on PF account. At the same time, money can also be partially withdrawn from the PF account if needed. You can withdraw money from PF account to repay the loan, in case of any emergency or even for your marriage. In such a situation, let us now tell you how much money you can withdraw from your PF account for your wedding and what the EPFO ​​rules say about it.

for the wedding How much money can be withdrawn from PF account?

• According to the rules of Employee Provident Fund Organization, an employee can withdraw money from the PF account to spend on his own wedding. However, to withdraw money from the PF account for one’s own marriage, the employee has to fulfill certain conditions.
• To withdraw money from PF account for one’s marriage, an employee has to complete at least 7 years of service.
• Apart from this, the employee can withdraw only 50 percent of the total amount deposited in the PF account for his marriage. An employee cannot withdraw the entire amount from the PF account at once for marriage.
• Employees can withdraw money from their PF account for their own marriage and the marriage of their family members. However, for this, permission is given to withdraw 50 percent of the money deposited in the account only three times.

How to withdraw money from PF account?

1. To withdraw money from PF account, first of all you have to go to the official website of EPFO ​​https://unifiedportalmem.epfindia.gov.in/memberinterface.
2. After this, you will have to login to the website by entering UAN number and password.
3. Now you will have to go to the online service and select the claim option.
4. After this, after entering the last four digits of the bank account number and signing the certificate, you will have to click on Proceed to Online Claim.
5. Now you have to enter the number you want to withdraw and upload the scanned copy of bank passbook or cheque.
6. Claim has to be submitted after address verification and entering OTP.
7. Once the claim is submitted and the employer’s permission is received, the money will be transferred to your account.

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EPFO PF Passbook Lite: There are all the servants in the country. Almost everyone has PF. Every month the money is deducted from the salary in the PF account. But it is not easy to check PF balance. There is often a mess in the login, sometimes the server of the portal does not even have a message. EPFO has now launched a new feature to eliminate this problem. Its name is Passbook Lite.

Which will show the details of PF balance directly from the members portal. There will be no need to visit the login or separate passbook website. Just a few easy steps will have complete details of balance and transaction. Labor and Employment Minister Mansukh Mandavia launched it and said that this feature will give relief to crores of employees and make the process of checking PF very easy.

What is passbook light?

Passbook light feature is the easiest way to see PF balance for employees. Now members can see their contribution, money withdrawn and the rest of the balance by visiting the EPFO ​​portal directly. Earlier, we had to login on a separate portal to check the PF passbook. Which was sometimes difficult due to technical problems.

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So now the passbook light is a solution to this problem. Now the load on the passbook portal at the moment will also be reduced. With the arrival of passbook light, employees will be able to see their information directly without losing time.

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How to use?

For the passbook light, you have to go to the official website of EPFO ​​www.epfindia.gov.in. Then you have to select Passbook Lite. After this, OTP will come on mobile after entering UAN number. The PF passbook will open on the screen as soon as OTP is submitted. In this, the complete account of balance and transaction will be seen. This process is quite easy. Earlier there was a long process to check PF passbook.

But now this problem will not be there. So let us tell you that EPFO ​​has also made the transfer certificate i.e. Annexure K available on the members portal. Now on changing the job, employees can download it in PDF format themselves. This will make the transfer transparent and will increase the confidence that PF balance and service periods have been transferred to the new account correctly.

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All the people working in the country have a PF account. PF account acts like a saving account. In this, a part of the salary is cut and deposited every month. The same amount is also deposited by the company. Which later makes a big fund. Many people do not know how many rupees have been deposited in their PF account so far. If you do not even know this thing, then know how to check the balance sitting at home in just a few minutes. Let us tell you what will be the process for this. Which steps will have to follow.

You can know through the website

If you want to know the details of your PF balance. So the easiest way for this is EPFO’s official website https://passbook.epfindia.gov.in/memberpassbook/login and checking it to go to check here by entering your UAN number and password here.

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After this, one has to go to our services section and choose Member Passbook option. Here complete information about your PF account is seen. For example, how much money has been deposited so far, how much is the amount of your and the company’s contribution and when the money has been deposited. You can complete this process comfortably through phone or laptop.

You can also know by giving missed calls

If you are not able to find the balance by visiting your EPFO site. So PF is an easy way to know by giving a missed call to know the balance. But for this, it is necessary to be registered with your mobile number in EPFO. You have to call the toll-free number 9966044425 from your registered mobile number, which will be cut in a while. A few seconds after this, a message will come on your mobile. In which there will be information about the balance and latest update of your account. Let us tell you that there is no extra charge for this.

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Can also check by messaging

Another easy way to know PF balance is SMS service. For this also it is necessary to link your mobile number to PF account. You have to send EPFOHO UAN to EPFO’s number 7738299899 from your registered number. After this, you will get a message related to the balance and account.

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There are all the employed people in the country. Almost everyone has PF accounts. The PF account works as a savings account in a way. 12 percent of the salary of Employee is deposited in the PF account. So at the same time, the same contribution is made by the Empolar i.e. the company. You also get interest on the amount deposited in this account. If you suddenly need money for some work in life.

So you can withdraw from your PF account. To operate a PF account, everyone is given a UAN i.e. Universal Account Number. Which is most important. You will not be able to operate a PF account without activating it. Let us tell you how to activate UAN and how to know your UAN is active or not

Do you know whether UAN generated or not?

If you do not know whether your UAN is generated or not. So it is quite easy to find out. For this, you have to go to EPFO’s website https://www.epfindia.gov.in/site_en/index.php. Click on Know Your UAN’s option there. After this, you have to enter your mobile number. Keep in mind that it is necessary to link the mobile number Aadhaar and PF account.

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After this, an OTP will come on your mobile number. He has to enter, after this, name, date of birth and Aadhaar and PAN number will have to be entered. If UAN generates in your name. If you are seen on screen. If UAN is not made. Then no information will come on the screen. Record not found would be written there.

How to check your UAN active or not?

If you want to check whether your UAN is active or not. So for this too you have to go to the EPFO website. There you will get the option of Activate UAN. Now you have to enter your mobile number, Aadhaar or PAN number.

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After this, an OTP will come on your mobile. Which has to be recorded. If your UAN is already active. So his details will be seen on the screen. If not active. So you can also activate it from there. You can see the passbook only after UAN is active. And can claim someone from the account.

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