As per the most recent information, the Staff’ Provident Fund Group (EPFO) has just lately launched a system streamlining the method of transferring provident fund (EPF) balances when transitioning between jobs.

Earlier, once you (EPF member) are becoming a member of a brand new employer, and in case you have contributed to EPF in your earlier employment then you must submit Kind No. 13, for PF switch from outdated EPF account to you new EPF account by means of on-line or offline strategies.

Afterward, EPF had launched, new Kind 11 which is a one web page declaration kind and must be submitted by the worker to his/her new employer, for the automated switch of EPF steadiness.

Associated article : New EPF Composite Declaration Kind-11 for automated EPF Switch on change of Job!

Nevertheless, with the brand new automated EPF Account switch system, the PF steadiness may be credited to the your new employer’s account with none motion required from you. There is no such thing as a must submit a web-based switch request and even submission of Kind 11 can also be not required.

Automated EPF Account Switch : Course of & Conditions

Beneath are the eligibility situations for the automated switch of EPF steadiness on job change;

• The PF Automated switch facility is obtainable to members whose EPF account(s) are beneath the purview of the EPFO (Staff Provident Fund Group) solely.
• The automated switch facility just isn’t obtainable for the exempted Provident Trusts.

Your Group may be an Exempted institution or Unexempted one. An organization having its personal Belief for provident fund is exempted from getting it self registered with the Provident Fund Authorities. So, in case your employer has their very own Belief then your month-to-month contributions get deposited with the Belief and never with the EPFO. (Associated Article : The best way to test if my Employer is depositing EPF quantity with EPFO / Belief?)

• Your UAN must be in ACTIVE standing, and the cellular quantity related to it must be operational.
• Your Aadhaar quantity should have been seeded and verified towards the UAN (Common Account Quantity) at your earlier place of employment.
• The UAN and Aadhaar numbers offered by you along with your new employer ought to match with the main points obtainable within the EPFO’s database.
• Your earlier employment particulars reminiscent of date of becoming a member of, date of exit, and cause for exit must be obtainable from the earlier employer.
• If the above stipulations are met, the automated PF steadiness switch will get triggered when the primary month’s PF contribution is acquired out of your new employer.
• As soon as the automated switch is initiated, you’ll obtain SMS and electronic mail notification(s).
• On profitable switch of earlier EPF steadiness to your new EPF account, a credit score entry will get mirrored in your EPF passbook.
• Kindly word that your EPS (Staff Pension Scheme) fund wont get transferred on change of employment.

In case you face any concern throughout this switch course of, reminiscent of mismatched particulars or pending Aadhaar seeding, you possibly can submit Kind 11 (or) provoke a web-based EPF switch by means of UAN Portal.

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(Publish first printed on : 15-Apr-2024)