The retirement scheme known as the Employment Provident Fund manages the money. This scheme allows anybody to save a portion of their monthly wage, whether they work for the government or a private enterprise. Before depositing pay, deducting 12% plus any extra allowances is common practice.
When you want to change occupations, however, things get more complicated. Transferring your PF account from your previous employer before beginning a new employment is necessary. Ignoring this will result in significant taxes being applied to the unclaimed amount when withdrawn.
In this blog post, we will discuss the steps for PF transfer, including completing and submitting EPF form 13.
What is EPF Form 13?
An offline and online transfer form is available from the EPF known as EPFO Form 13. Just fill out and send EPF form 13 sample to transfer money from your EPF account.
Transfer of EPF Account
If you change jobs, you may transfer your EPF money. The Universal Account Number (UAN) you get when you enroll in the EPF may assist you in accessing your EPF account.
The EPF accounts of all employees are linked to a single UAN number. When you change jobs, transmitting your EPF account to your new employer is easy. Instead of creating a new EPF account, you can simply move the current one over in the case of a job change.
Important Details for EPF Account Transfer
The EPFO Form 13 is an extensive document that must be filled out and submitted by you and your new employer. This contains the following details:
Details to be Provided by the Employee
- Your name (as in the EPF database)
- Your father’s name. If you are a married woman, please supply your husband’s name.
- Name and address of the prior job.
- EPF account number from the previous employer.
- Details about the prior establishment’s EPF account holder. It may be a regional PF commissioner or a PF trust. The name of the relevant entity must be stated.
- The FPF Account number with the prior employer, if you were assigned one.
- Date of quitting work with the prior job
- Date of starting work with the new employer
- Date on which the form is filled out and submitted
- Signature or left-hand thumb imprint of the EPF account holder.
Details to be Provided by the New Employee
- Name and address of company.
- The EPF code and account number are assigned to the new employee.
- FPF Account number is assigned to the new employee if a separate number is given.
- Details of the new employee’s EPF account. If the establishment is not exempt, provide the address of the regional or sub-regional office. If the establishment is exempted, the name of the exempted PF trust or the name of the private PF that the Act does not cover should be given.
- Address of the regional or sub-regional office where the special FPF account number granted to the employee (if any) is stored.
- Details about the payee
- Date on which the form is filled out and submitted
- Signature of the authorized official of the new employer, with the corporate seal.
Just fill out a PF transfer form 13 in EPFO and submit it to transfer your EPF amount.
KYC Document Registration and Approval Before Online PF Account Transfer
Follow the steps below:
- Visit the EPFO website.
- To access your account, please enter your UAN and password.
- Go to your dashboard to access the “Know Your Customer” (KYC) feature.
- Your name and document number are required for all Know Your Customer data. In addition, please provide scanned copies of your Know Your Customer documentation. After that, before your company can accept it, be sure to save the file and let them know.
- The officials at PF will undertake an online KYC verification after the permission is approved. The approval process for KYC typically takes 5-7 working days.
How to Transfer EPF Account Online?
Before you can begin the online procedure for the Provident Fund transfer, you need to have the necessary paperwork certified and confirmed by your present and past employers. Make sure that their digital signatures are registered with EPFO.
Even if one of your current or former employers has a digital signature, you may still execute the online cash transfer.
- A quick and simple method to discover whether your employer is registered with EPFO is by doing an eligibility check on www.EPFindia.gov.in.
- After you’ve confirmed your eligibility, you may join by signing up for the portal.
- Next, complete the necessary papers for the EPF transfer claim.
A claim for an EPF transfer must include details like these:
- Details of the employers’ EPF accounts
- Details like the beginning and ending time of work
- Termination date of previous employment
- Details on the financial institution, include the account number, branch location, and IFSC code. To withdraw your funds, you will need these details.
The EPFO will supply the details of the regional provident fund office in charge of your account and fill in the name of your previous employer when you provide their EPF account number.
When completing an online transfer using the Employee’s Proof of Identity (EPFO), you must submit the employee’s date of birth. If you make three mistakes while entering your Provident Fund information online, the EPFO will disable your capacity to do so.
After you’ve completed the necessary papers for your EPF Transfer Claim, you’ll need to choose which of your employers will verify and approve it. If the previous employer could testify, the transfer of PF would be processed faster.
After picking an employer, print all the necessary documents to authenticate them. On the following page, please review and submit the EPF form 13 download completely.
Upon final submission for approval, please print off the EPF Form 13 online, sign it, and submit it to your employer. Submit the necessary documentation within 15 days for your firm to approve your transfer request.
If the employer is competent and not skeptical of transparency, the aforementioned approach is swift, efficient, and effective for addressing the transfer request.
Transferring PF Offline
Members who want to withdraw their EPF money offline must submit a completed EPF Form 13 online to their current employment.
All information is supplied and received by the EPF office via the current employer. The applicant’s previous employer receives the EPF form 13 pdf from the EPF office for the purposes of verification and attestation.
The money will be sent from the old account to the new one after the EPF office has a verified and officially signed copy from the previous employers. The offline PF transfer technique does not need the applicant’s UAN and Aadhaar card number.
Every EPFO employee has a distinct identity thanks to the UAN (Universal Account Number) that the organization issues.
Documents Required for PF Transfer
The documents required are:
- The employer should have authorized the e-KYC.
- The current or previous employer must be connected with the authorized signatory(ies) in EPFO’s digital registry.
- Regardless of an employee’s current employment status, recording their PF account number in the EPFO database is essential.
- You can only use the prior member ID for one transfer request.
- Make sure the member’s cell number is active and they have activated their UAN on the official UAN website.
It is recommended that the employee’s bank account and IFSC code be used to seed the UAN. You do not need to seed your Aadhar numbers and PAN against your UAN to submit transfer claims.
FAQ’s:-
You should use EPF Form 13 when you switch jobs and want to transfer the PF balance from your previous employer to your new employer.
EPF Form 13 requires information such as personal details, PF account details of the previous and current employers, and the reason for the transfer.
Yes, EPF Form 13 can be submitted online through the EPFO’s Unified Member Portal. The process involves logging into the portal and filling in the required details.
Linking your Aadhaar and UAN is necessary for EPF Form 13 online transfer.
No there is no time limit, but it is best to EPF Form 13 as soon as possible after you have joined the new job. There is no strict time limit, but delays can lead to complications.
Yes. You are legally bound to file and provide the EPF form 13 pdf with your employment. This will be useful for their records.
You can obtain EPF Form 13 from your current or previous employer, or you can download it from the official website of the Employees’ Provident Fund Organization (EPFO).
No. No changes may be made to the data after the online EPF form 13 revised has been submitted. You may contact EPFO’s customer service for help in this kind of circumstance.