Online EPF Transfer | How to transfer PF funds to another EPF account Online?

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• Hi Sreekanth,

  I have 2 doubts

  1) I want to transfer my pf amount from ex-employer TCS which holds a trust account. Can I follow the above procedure or is there any other way to transfer from trust account.

  2) My bank IFSC is wrongly updated, in-spite of multiple requests its not updated by my employer. Does wrong IFSC code affect in any sense for PF Transfer.

  • Dear Abhinay,
    1 - I think the process should be the same.
    2 - Yes, it will affect. Is your current employer not supportive?

    • I resigned from my previous company 2 months back.. Currently I am not working and will join my new company by this month end. That is the reason I spoke to my ex-employer.

• HI,
  i am trying to transfer my earlier PF account money to my new PF account however it gives an error saying " previous account details are not same as current " .. unable to get this through .. any pointers ?

  • Dear Dhwani...Mostly your personal details associated with old EPF a/c might not be matching with your new/current EPF account. Kindly cross-check.

• Hi Good evening

  To receive my pf amount i have applied through epfo speed post but it now says claim is receving epfo office krishnapuram in aug 23 ...
  but not message and more informations in my profile ................
  sir/madam please help me .......
  and next step

  • Dear suryasree .. If the EPFO has received your application, they will process it within 10 to 14 days.

• Hi Sri, what is the time taken for this whole process

  • Dear Yuvaraj ..as far as I know, the time-line is around 10 days (max) for online claims..

• Hi,

  TO receive my pf amount i have applied through epfo portal and now it says claim settled after 30 days. but i have not received in my account.

  can u please help me what is the next step. Im not working anywhere now.

  • Dear bhuvana ..You may receive the amount to your bank account in 2-3 days.

• I got the new UAN number in current employer , now i want to transfer previous PF amount in current PF account,
  Queries:
  1.How to proceed if I have two UAN?
  2.I logged in on portal with current UAN, but unable to complete KYC as details are mismatch with PAN/ADHAAR details. Is KYC is compulsory?
  3.Current UAN --> 'Service History' shows only Current employer details , how shall i proceed for pf transfer from previous PF/UAN account?

  • Dear Parsh,
    Yes, KYC details are mandatory and they need to be verified by your employer. You also need to verify/link aadhaar number.
    If you can not submit online transfer claim, you may do the transfer offline and during the process, your old UAN will get deactivated.
    Kindly read : How to block multiple UANs?

• Hi Sreekanth garu,

  Recently, EPFO has given option for higher pension. The pension payable under EPS has been capped to a salary of Rs15,000 since 2014. Prior to 2014, it was Rs6,500. So under the old salary limit, the pension comes to around Rs3500 and a little over Rs7000 under the new ceiling.

  The supreme court order gives scope for an employee to get pension according to a higher salary. In case the employer begins contributing on higher salary from the day the employee's pay surpasses upper limit of Rs6,500, even pension has to be paid as per actual pay.

  Kindly enlighten us by writing an article on "Higher Pension" if you are aware of it. Is it beneficial to opt for higher pension option or not.?

  Thank you.

  • Dear Sanjay,
    Yes, I think sometime back, I too have read about this topic in news reports.
    If an youngster is planning for retirement then I believe that he/she has to think beyond PF, to accumulate desired Retirement corpus.

    • Dear Sreekanth garu,

      Thanks for the quick reply.

      You mean to say that I should not opt for Higher pension option. Keep money in EPF account instead of diverting it to EPS.? Pls clarify.

      • Dear Sanjay,
        You may consider other investment options (if for long term) that can beat inflation and give you good real rate of return.
        Kindly read :
        List of best investment options
        What is real rate of return?

        • Dear Sreekanth garu,

          Thanks for your valuable suggestion.

          I will definitely invest for long term as per your suggestion. Already taken Term Plan, Accidental Policy, started ELSS, surrendered traditional policies as per your valuable suggestions and posts.

          But the thing here is, I am in PSU (Public Sector Unit) where EPF Deduction is little high compared to private employees due to Basic plus DA. Other incentives are very low for us. We have no choice to get rid of EPF deduction. Employer share will also be added to this as you know.

          Previously, 8.33% of Rs.15,000/- i.e. Rs.1,250/- (fixed) used to be deducted from the employer share and corresponding Pension was Rs.7,000/-. Remaining share of employer will be added EPF. If the "Basic + DA" is Rs.50,000/- then 12% (Rs.6,000/-) will be deducted from our salary. Employer will add Rs.1,250/- to EPS (Pension) and Rs.4,750/- to EPF which can be withdrawn anytime under some rules.

          With recent order from Supreme Court, we can give the option to deduct 8.33% of whole "Basic + DA" and remaining share of employer will be added to EPF. If "Basic + DA" is Rs.50,000/- then 12% (Rs.6,000/-) will be deducted from our salary. Employer will deduct 8.33% of "Basic + DA" i.e. Rs.4,165/- (mostly vary quarterly) to EPS (Pension) and remaining Rs.1,835/- to EPF.

          We have to either opt for either Higher Pension or simply not to opt. In this regard, kindly suggest which would be a better option among both the options.

        • Dear Sanjay,
          As suggested in my previous comments, you may contribute the minimum required amount to EPF/EPS, and try to invest in other investment avenues which can beat inflation rate over longer period.

• Hi, I followed all the steps. I am able to select the UAN details, however when I enter OTP received , it shows : "Something went wrong!!! Please try again later!!!"
  Could you suggest me any possible work around for this ?

  • Dear Rakhi ..May be a tech issue..kindly try after sometime or submit grievance online..click here..

    • I am also getting the same error. When I put the OTP, it shows me , something went wrong error.

      How to get rid of this?

      • Dear Subrat.. You may kindly submit online grievance..click here..

        • As suggested, I have tried to submit grievance, however, the grievance itself is not getting submitted. Please help.

          - Rahul

• I can see my previous employer and current employer pf account detail in ‘Service History’ menu item. But when I tried to raise PF Transfer Request, by selecting Attestation Employer as ‘Present Employer’ and I entered my previous employers member id, it gives me error like ‘Invalid Present Member Id’. When I enter UAN number, it gives error like ‘Previous employer detail not found for this UAN number’.my old pf & new pf number link one UAN

  What should I do now, I do not understand how to proceed? Can you please let me know?

  • Dear LAKSHMI.. Even few other blog readers have raised this concern..looks like a tech issue. You may submit your grievance online to the EPFO..click here..

• I can see my previous employer and current employer pf account detail in 'Service History' menu item. But when I tried to raise PF Transfer Request, by selecting Attestation Employer as 'Present Employer' and I entered my previous employers member id, it gives me error like 'Invalid Present Member Id'. When I enter UAN number, it gives error like 'Previous employer detail not found for this UAN number'.

  What should I do now, I do not understand how to proceed? Can you please let me know?

  • Dear Meeta ..Are the two Member-IDs linked to same UAN? Or Have you been allotted with two UANs?