How you can merge two or extra PF accounts on-line? Step-by-step information
Merge EPF Account On-line: The fund of the outdated PF account isn’t transferred routinely and you’ll have to do it by yourself.
Worker Provident Fund (EPF) is a government-backed retirement financial savings scheme that gives staff tax advantages and secured returns. All staff are eligible for this scheme and any organisation with over 20 staff wants to increase the advantages of EPF to its staff. Whereas folks change their jobs for higher pay, they at occasions find yourself having a brand new Worker’s Provident Fund (EPF) account with a special Common Account Quantity (UAN)
The fund of the outdated PF account isn’t transferred routinely and you’ll have to do it by yourself. That is necessary as combining all accounts makes positive that you’ll not face any losses.
Right here we’re going to inform you a step-by-step information to merge two or extra EPF accounts on-line:
Step 1: Go to the official web site of EPFO.
Step 2: Register together with your username and password.
Step 3: Choose ‘One Member-One EPF Account’ beneath the part titled ‘On-line Providers’.
Step 4: Present all the small print like telephone quantity, UAN quantity, and many others.
Step 5: Click on on ‘Generate OTP’. Full the verification by coming into the OTP.
Step 6: A brand new window will pop up. On this window, present particulars of the PF accounts you need to merge.
Step 7: Comply with the declaration and click on Submit.
After the profitable submission, your current employer will likely be required to approve the merger request. As soon as authorised, EPFO will course of and merger your accounts. You’ll be able to examine the standing financial institution on the portal after few days.
Merge two or extra EPF accounts on-line via e-mail:
One may also merge a number of PF accounts by sending an e-mail. This is what that you must do.
Ship an e-mail to uanepf@epfindia.gov.in mentioning particulars of the EPF accounts you need to merge. This implies that you must point out your present and former UAN. As soon as your request is verified, the EPFO will deactivate any older UANs. After this course of is accomplished, you will want to submit a declare to switch funds from the earlier to the present UAN.
