EPFO has changed another rule related to PF. The Central Provident Fund Organization has simplified the process of transferring PF accounts. EPFO has changed another rule related to PF. The Central Provident Fund Organization has simplified the process of transferring PF accounts.
EPFO has recently issued a circular
Now, on change of job, provident fund can be transferred to any employee even without verification from the company. EPFO has recently issued a circular, in which it has made the process of PF account transfer easier for employed people when they change jobs. Employees will not require verification from their old or new company to transfer their account. He can make a claim himself and get his account transferred. Even if their UAN is linked to Aadhaar and all the personal details of the members match.
These users will get relief
- Whose account number was allotted on or after October 1, 2017 and the same UAN is linked to multiple member IDs and linked to Aadhaar.
- If your UAN was issued on or after October 1, 2017, and you have multiple UAN numbers from one Aadhaar, the system treats them as one. With this, seamless transfer can be done even without a company.
- If UAN is issued before 01/10/2017 then it can be transferred to UAN. Simply UAN is linked to Aadhaar and information like name, date of birth (DOB) etc. matches with the member ID. Cases of transfer between Member IDs linked to different Universal Account Numbers, in which at least one UAN issued before October 1, 2017 is linked to the same Aadhaar and the Member ID has the same name, date of birth and caste.
pf account
Under this scheme run by EPFO, the company deposits 12 percent of the salary of all private employees in PF and the employee also has to deposit the same amount, out of which 8.33 percent of the money deposited by the company goes to EPS. Whereas, 3.67 percent shares are deposited in EPS.
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