How to transfer my old pf money to new pf account
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Either they have to wait until 58yrs of age or they can get a scheme certificate. For that log in to UAN member portal in menu bar go to view option, and click on service history Once you click on service history then your service history associated with various PF accounts linked to that UAN number will appear. The primary aim of EPF is to support the employees after their retirement, especially pension is the major support to the private employees when they become old. So it is always better to transfer your pension amount whenever you change your job.
The new employer will verify your application and whether the UAN is linked with Aadhar or not. If the previous employer has already verified this detail, the EPFO portal will automatically start the PF transfer process. Then, you will get a message on the UAN registered mobile number that the PF transfer process has started.
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Info or documents required for transferring the PF online Here is the list of documents and information that the employee should keep with themselves while applying for transfer PF online: Revision Form Valid identity proof such as Aadhar card, PAN card, or driving license. Details of old and current PF account. Mobile numbers registered on the EPFO website should be active. Approved and verified e-KYC from the employer.
Details of the current employer. Establishment Number. PF Account Number. Bank account details of the account in which the employee receives or received the salary. If by any chance, the employee fails to meet any of the mentioned requirements, they can visit the E-Sewa portal managed by the EPFO. The paperwork complicates the issues further thus leading to the complete closure. With this the EPFO has introduced an official website where employees can fill details online. What is the Advantages of PF transfer? A prior closure of an account before 5 years leads to taxation of the amount gained. This is the opposite of when the funds are transferred. One gets to enjoy the whole amount tax free. PF Transferred amounts boost the account as one can get loans for construction, health and other matters. The account gains interest rate currently given by the EPFO.
These accounts are rendered dormant thus gain no interest. Employees should follow upon the accounts and use the official website. Access the PF account one requires the password to login. A form 13 was the key to get the new account. Employee had to visit their former employer for a signature. This never went down well thus causing the high number of dormant accounts.
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An official launch from the EPFO https://ampeblumenau.com.br/wp-content/uploads/2020/02/archive/social/good-breakfast-lunch-near-me.php come in handy for all employees. Established in the year October 2. EPFO online has been to existence and coming through for many. Suppose an employee works at company X for how to transfer my old pf money to new pf account years and then moves to company Y for another three years. He has EPF accounts at both companies and fails to merge them. He then leaves company Y to start his own business and withdraws the balances from both the earlier EPF accounts. 
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Given the duration we have a number higher than 1. One can close completely and also open new as they get new job.
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