7 Simple Steps To Transfer Your EPF Account Online

Under the Provident Fund and Miscellaneous Act of Employees, 1952, the Employees’ Provident Fund or EPF was adopted. This scheme, run by the EPFO, encourages saving by its EEE method i.e. tax-exempt on investment in EPF, interest from EPF and withdrawal from EPF. 12% each of the employee’s salary (basic + dearness allowance) to the EPF account is contributed every month by the employer and employee under this fund. For those who do not want to take additional precautions and want to accumulate capital for their future, an EPF account is deemed one of the better saving options. But often individuals need to transfer the EPF account electronically from the old employer to the current employer, but they don’t have proper awareness of the steps required for the same. Recently, the Employees Provident Fund Organisation (EPFO) has launched an online transfer mechanism for the EPF account to transfer the funds from one account to another. This way of transferring the EPF online account saves a lot of time and helps the customer to transfer his provident fund from their convenience. Hence, to transfer your EPF account online, follow the steps listed below:

1. Visit Unified Member Portal and sign in to your account using UAN and password
2. Navigate to the ‘Online Service’ section and click on the ‘One Member One EPF account (Transfer Request)’ option.
3. Now verify the PF account of your current employment and other relevant details.
4. Now click on ‘Get details’ and the specifics of your previous employer will appear on the screen.
5. Now select either previous employer or current employer for authorizing EPF account form.
6. Click on ‘OTP’ and you will get an OTP on your UAN registered mobile number.
7. Enter the OTP and click on ‘Submit’, that’s it you are done.