EPFO has simplified the EPF transfer process, now employees will not have to contact the employer.
EPFO: Staff' Provident Fund Organization (EPFO) has applied vital reforms to make the method of EPF account switch simpler and handy for workers altering jobs. These reforms are anticipated to scale back delays within the PF switch course of and enhance effectivity.
Aadhar based mostly switch course of
EPFO is now simplifying the switch of EPF account of staff utilizing Aadhaar. This retains the member's data fixed and their EPF account could be simply transferred even when they modify jobs. With this, staff is not going to face any issue in transferring their EPF quantity to the brand new employer.
Key Advantages Fast Transfer: The switch course of is expedited by decreasing the necessity for employer intervention. Handy Administration: Now members can switch their EPF account straight by visiting EPFO ​​portal. Higher transparency: Clear processes present extra readability to staff, and cut back dependence on the employer. Enhancements after October 1, 2017
After October 1, 2017, member IDs linked to the identical Common Account Number (UAN) and linked to Aadhaar not require employer permission. If UAN and Aadhaar are linked, members can simply switch their EPF account.
Transfer between UANs earlier than and after October 1, 2017
For switch of UAN and Aadhaar linked Member ID issued earlier than October 1, 2017, the title, date of start and gender on each the accounts have to be identical. This has made the method even less complicated.
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Steps to hyperlink Aadhaar on EPFO ​​portal Go to EPFO ​​Member e-Seva web site. Log in together with your UAN, password and captcha. Choose 'KYC' possibility within the 'Handle' menu. Verify the Aadhaar field on the KYC web page. Enter your 12 digit Aadhaar quantity and title as it’s on the Aadhaar card. Click on on 'Save' for verification. Your Aadhaar particulars will match with UIDAI data. After verification, your Aadhaar will probably be linked to the EPF account. Advantages for workers and EPFO ​​employees
This reform will save time for each staff and EPFO ​​employees. Lowering timelines and bettering course of accuracy will enhance worker morale, mentioned Jaideep Kewalramani, COO of TeamLease.
The target of this reform is to offer a greater and quicker EPF switch expertise to the workers, in order that there isn’t any problem on the time of fixing their jobs.
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