EPF Account Transfer Latest Update: The employees, who have recently changed jobs and have joined a new company, can easily transfer their EPF account from the old to their new employer. The employees must note that the EPF is a social security program that benefits them both in the public and private sectors in the country. In general, the provident fund is considered to be a retirement-oriented savings or investment account that sees contributions from the employee as well as the employer.
However, to transfer the PF account online, the old and new employers should both be able to initiate the transfer process through the unified Member e-Sewa portal. If this is not the case, then the employees can fill in Form 13 and submit it to their HR department.
After the whole process, your transfer request will be submitted and within 10 days of your submitting the transfer request, the employee must provide the self-attested copy of the PF transfer request to the chosen company.
In general, the EPF account transfer usually takes about 30-45 days to complete and the employees can also track the progress of requests on the EPFO portal using the reference number.
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