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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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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Pf account withdrawal tips: There are all the people working in India. They all have a PF account. PF account works like a savings account. 12% of the employee’s salary is deposited in the PF account. And the same contribution is also done by the company. You also get interest on the amount deposited in this account. Not only this, if you need, you can also withdraw the amount deposited in your PF account.

But if you have claimed PF in an emergency and your PF claim has been rejected. So in such a situation, you need to do this work immediately. After this, you will get your money in a few days. Let us tell you complete information about this.

If PF claim rejects, do this work

Often when people need money in emergency. So he withdraws the amount present in his PF account. But many times people claim for withdrawal. So their claim is canceled. If there is any such problem with you too. So you do not have to worry. Many times this happens due to the missing of information or due to incomplete information.

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First of all you have to know why your claim has been rejected. The reason for this will be known by going to the status of your claim request. When you know the reason why the claim has been rejected. So after fixing that information and claim it again. In a few days, money will come to your account.

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Keep these things in mind while claiming

When you are going to claim withdrawal from PF account. So make sure that the information you are entering. That information is absolutely correct. Along with this, when you upload a passbook or check book photo. So also check that it is not blurred. And it is important that your account should have Aadhaar link, so your mobile number should also be linked. Only then you will be able to claim online.

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Still do not come, then complain here

After the claim was rejected, you claimed the correct information again. But even after this, money has not come to your account. And even after entering the information correctly, your claim is being rejected. Then you can register your complaint by visiting the official website of EPFO’s complaint portal https://epfigms.gov.in/.

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Pf account withdraw rules: All the job professions in the country are people. Almost everyone has PF accounts. In the PF account, 12% of the salary of the employees is deposited and the same contribution is given by the company. PF account is also used as a savings account in a way. Interest is also received from the government on the amount deposited in it.

Not only this, if you suddenly need money for some work. Then you can also withdraw from your PF account. For which tasks you can withdraw money from PF account. And how much limit can you do, let us tell you complete information.

in You can withdraw money for tasks

All PF accounts in India are operated by EPFO. Under the rules of EPFO, you are also given the facility to withdraw money in emergency situation. If we talk about it, you can withdraw money for different needs. If you want to buy a house. Or want to get it repaired. So you can withdraw money for him. You can withdraw money for your children’s school-college studies.

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Apart from this, you can withdraw money for your children and siblings. You can withdraw money for your own treatment and for family treatment .. If you want to travel abroad. So you can withdraw money for that too. At the same time, even if you are unemployed for more than a month, you can withdraw money.

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You can withdraw money till such a limit

Where you get the facility to withdraw money from PF account in emergency situation. So a limit has also been fixed in it. To buy a house, to build and repair it, you have 36 times the total deposit of 5 years or in the account. Whatever is less of these, they can come out. For children’s education, you can withdraw up to 50% of the deposit of up to 7 years.

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For marriage too, you can withdraw up to 50% of the deposit amount for the same year. For treatment, you are 6 times the total deposit or whatever the total deposit is. You can withdraw according to the amount of treatment. And you remain unemployed for 1 month. So you can remove your 75% PF. At the same time, if you want to get higher education. And want to do it like this. So for this you have to take separate permission.

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