The Employees' Provident Fund Organisation (EPFO) has made the process of transferring an employee's provident fund (PF) balance completely seamless. From now on a new joinee merely has to furnish certain information to the new employer, who will then upload it on to the EPFO portal which automatically triggers the transfer process. This means that after switching a job, an employee need not even initiate a transfer request online.
This was communicated by the Central Provident Fund Commissioner on September 20 in an order stating the revision of the transfer procedure.
Here is how it happens.
Auto transfer process
Upon joining a new organisation, the employee is supposed to fill and submit details to the new employer by furnishing details in the 'Composite Declaration Form (F-11)'. Along with your basic details, it also asks for the previous UAN (Universal Account Number), if any, and previous PF number etc.
What will happen now is that when your present employer enters the information (as per Form 11) in the employer's portal and if the UAN had been seeded with Aadhaar and bank details and had also been verified by the previous employer, it will trigger an auto-transfer process which will transfer the accumulations against the previous PF number to the new one.
An SMS informing the subscriber about the proposed auto-transfer is sent to the registered mobile number. The auto transfer will be completed only after...
(a) The employee does not request to stop the proposed auto-transfer (either online, or through the employer or at the nearest EPFO office) within 10 days of receiving the SMS, and
(b) The first contribution by the present employer is deposited and reconciled. Once the funds get transferred to the new PF number, a communication is sent to the employee by mobile and email.
In nutshell, for a smooth online transfer process, here are the things every employee needs to track while changing jobs:
* Make sure that the UAN has been seeded and verified by your employer before switching jobs.
* After switching, submit Composite Declaration Form (F-11) to the new employer.
* Employer uploads the information on to the employer's portal.
* Auto-transfer initiates from previous to new PF number.
* Actual transfer happens once the initial contribution by the present employer takes place.
EPFO Introduces Revised/ New Form F-11 for Composite PF Declaration (Aadhaar/ Non-Aadhaar); Replaces Form 11 and Form 13
The EPFO has notified revised/ new version of single page Composite PF Declaration Form F-11 (Aadhaar/ Non-Aadhaar), applicable w.e.f. 20 Sept. 2017, which replaces the existing Form 11 and Form 13, as under:
EPFO Order dt. 20 Sept. 2017
1. The Employees’ Provident Fund Organization has embarked upon next phase of e-governance reforms with a view to make its services available to its stakeholders. EPFO has recently introduced a single page Composite Claim Form (Aadhaar/Non-Aadhaar) and Composite Claim Form for death cases by replacing multiple forms for settlement of claims.
2. In exercise of powers conferred under para 36(7) read along with the provisions of para 34 and 57 of EPF Scheme, 1952 and para 24 of Employees’ Pension Scheme, 1995, the introduction of Composite Declaration Form (F-11) is ordered with immediate effect by replacing the existing New Form-11.
3. The Composite Declaration Form will also replace Form No. 13 in all cases of auto transfer vide order No. Manual/Amendment/2011/133226 dated 20.09.2017.
This was communicated by the Central Provident Fund Commissioner on September 20 in an order stating the revision of the transfer procedure.
Here is how it happens.
Auto transfer process
Upon joining a new organisation, the employee is supposed to fill and submit details to the new employer by furnishing details in the 'Composite Declaration Form (F-11)'. Along with your basic details, it also asks for the previous UAN (Universal Account Number), if any, and previous PF number etc.
What will happen now is that when your present employer enters the information (as per Form 11) in the employer's portal and if the UAN had been seeded with Aadhaar and bank details and had also been verified by the previous employer, it will trigger an auto-transfer process which will transfer the accumulations against the previous PF number to the new one.
An SMS informing the subscriber about the proposed auto-transfer is sent to the registered mobile number. The auto transfer will be completed only after...
(a) The employee does not request to stop the proposed auto-transfer (either online, or through the employer or at the nearest EPFO office) within 10 days of receiving the SMS, and
(b) The first contribution by the present employer is deposited and reconciled. Once the funds get transferred to the new PF number, a communication is sent to the employee by mobile and email.
In nutshell, for a smooth online transfer process, here are the things every employee needs to track while changing jobs:
* Make sure that the UAN has been seeded and verified by your employer before switching jobs.
* After switching, submit Composite Declaration Form (F-11) to the new employer.
* Employer uploads the information on to the employer's portal.
* Auto-transfer initiates from previous to new PF number.
* Actual transfer happens once the initial contribution by the present employer takes place.
EPFO Introduces Revised/ New Form F-11 for Composite PF Declaration (Aadhaar/ Non-Aadhaar); Replaces Form 11 and Form 13
The EPFO has notified revised/ new version of single page Composite PF Declaration Form F-11 (Aadhaar/ Non-Aadhaar), applicable w.e.f. 20 Sept. 2017, which replaces the existing Form 11 and Form 13, as under:
EPFO Order dt. 20 Sept. 2017
1. The Employees’ Provident Fund Organization has embarked upon next phase of e-governance reforms with a view to make its services available to its stakeholders. EPFO has recently introduced a single page Composite Claim Form (Aadhaar/Non-Aadhaar) and Composite Claim Form for death cases by replacing multiple forms for settlement of claims.
2. In exercise of powers conferred under para 36(7) read along with the provisions of para 34 and 57 of EPF Scheme, 1952 and para 24 of Employees’ Pension Scheme, 1995, the introduction of Composite Declaration Form (F-11) is ordered with immediate effect by replacing the existing New Form-11.
3. The Composite Declaration Form will also replace Form No. 13 in all cases of auto transfer vide order No. Manual/Amendment/2011/133226 dated 20.09.2017.
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