Provident Fund I Online Transfer To Another Account.All the information regarding the transfer of the Provident Fund is provided on the page below.You can scroll down and check the complete procedure.
Provident Fund Information About Online Transfer
If you have an account of Provident Fund and you want to transfer the money from one account to another account ,then you can transfer the money to the other account by following some steps that
are mentioned below.This process has been become as boon for workers.Earlier it was not possible to transfer the money from one account to another.The employees used to transfer the money physically by withdrawing money from one account and depositing to another account.
General Information About The EPF Organization
The EPF stands for Employees Provident Fund. This is the statutory body of the government that has been working under the Ministry Of Labor and Employment.It administrates for the various types of
schemes for the employees such as pension scheme ,insurance scheme and provident fund scheme.The scheme covers Indian workers as well as foreign workers that has been working in India.It has been one of the largest social organizations working in India.
Steps To Be Taken For The Online Transfer Of EPF Balance
-Get an application form for account transfer
-Then fill the form with all the details asked
-Then submit the details of current employee
-The employer will have to send the application form to the nearest EPF region office
-The verification is completed successfully,the application is forwarded to the previous employer
-Attestation is done by the employer after the verification is done by him
-Now the transfer of one account to the another account is opened
-But here on this website we will tell you how to transfer the money from one account to another
by yourself through the online mode.
Eligibility Of The Candidate For Transferring The Money
As we all know that know nowadays the internet has bring a big change in our lives , as it has made our lives easy. Now everything can be done by the way of internet ,and the best thing is that the things can be done in just a few seconds.Many of the things used to take several days to be completed ,but now it is a matter of few seconds such as email.
And internet so did in the banking sector ,now every task related to the banking is done by the internet and in just few seconds such as online transfer of money and man other such things.
Now you can also transfer the money of provident fund from one account to other by the way of internet .It has made our life so easy.Now the employees need not to go through the physical process for transferring the money.They have to fulfill some of the requirements and they can take benefit of this scheme.But don’t worry it is not a big deal ,every one will meet these criteria.
And the requirements are as given below :-
-The employer needs to have a digital signature of an employee
-And the employers member ID needs to presented in the database of the EPF.
NOTE:- The employer will have to go to the employee for this process.
Process For The Online Transfer Of The Money Of Any EPF Account
Here we will guide you step by step for the online transferring of money from one account to another :-
Steps To be Taken To Complete The Procedure:-
-Log on to the website of the EPF
-Click on the link of ONLINE TRANSFER available on the homepage
-If you meet the eligibility criteria then you can continue the procedure of online transfer
-Now click on the link of request for transfer
-As a result Form-13 appears, where PF number of both Current & Previous employer needs to be entered.
-Click on “Click here to get details”.
-And personal details such as date of entrance and date of exit etc will appear
-This information is just for verification,whether the amount is transferring to right account or
-A pop-up appears, asking the employee if he/she wishes to claim attested by current / previous
-Small letters have to be entered in the box and after that click on the I Agree column on the
-Then a pin is sent to the registered mobile number ,the application is submitted
-An tracking id is generated
-The form will be saved in the profile.Print-out needs to be taken in PDF version. This in turn needs to be submitted to the employer within 15 days.
-The authorized individuals name form details ,who have to sign will appear after the submission
of the form
-The details must be verified by the current and previous employee
-After The approval is received form both the employers ,the amount will be credited to the account
through the EPF branch office
-The Employer now plays a vital role as he/she have to verify the signatures of the Employee
-SMS Will be sent To The Employee For Updates.