EPFO simplifies guidelines: Workers can now switch PF accounts themselves

The Workers’ Provident Fund Organisation (EPFO) has introduced main modifications to facilitate on-line transfers. This motion is meant to make the PF switch course of extra environment friendly, cut back delays, and make it extra handy for workers, particularly job changers. The revised motion removes the necessity for employer intervention in some circumstances, which is waived, and permits members to switch their PF accounts freed from cost.

Key modifications launched

• Simplified transfers: Workers can now instantly switch their PF accounts utilizing their Common Account Quantity (UAN) and Aadhaar particulars.
• Elimination of employer dependency: Members should not have to rely on their earlier or present employer for PF transfers, making the method sooner and extra clear, clearly.
• Elevated efficiency: The brand new system can considerably cut back latency, bettering the general person expertise.

Implementation of modifications

1. UANs issued after 1 October 2017 linked to Aadhaar don’t require employer intervention for switch.
2. At the moment the switch between a number of UANs linked to the identical Aadhaar quantity is automated, supplied the identify, date of beginning, and gender match throughout accounts.
3. For accounts created earlier than October 1, 2017, the simplified technique will apply provided that the 2 accounts have the identical credentials.

hyperlink Aadhaar and EPF account

1. Go to the EPFO ​​Member e-Sewa portal.
2. Login together with your UAN, password and captcha.
3. Underneath the “Handle” menu, choose “KYC” and choose the Aadhaar choice.
4. Enter your 12 digit Aadhaar quantity and identify as per Aadhaar card.
5. Submit your particulars and click on “Save”.
6. After verification with UIDAI data, your Aadhaar shall be profitable

Advantages of the Replace

• Rapid transfers: Delays brought on by employer involvement shall be minimized.
• Transparency: Members can instantly handle transfers, guaranteeing higher readability within the course of.
• Ease of use: The streamlined course of promotes comfort for workers managing their PF accounts.

The EPFO’s initiative is a step ahead in empowering workers by granting them higher management over their provident fund accounts, guaranteeing sooner and smoother transitions throughout job modifications.

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