Personal Finance
The unified Member e-Sewa portal should allow both the previous and new employers to start the transfer process for the PF account online.
Updated : Feb 12, 2023, 07:17 AM IST | Edited by : Maitry Kothari
Individuals who are changing their jobs and moving to other companies or those who are getting laid off and now looking for a job in other companies should not forget to transfer their EPF account from one company to the other.
Employees’ Provident Fund is a social security scheme for public and commercial sector employees to benefit from. A provident fund is typically thought of as a savings or investment account with a focus on retirement that accepts contributions from both the employee and the employer.
(Also Read: IRCTC tickets online: Here are 3 ways to download train tickets online, check steps)
For your own benefit, employees should transfer their EPF account from the old company to the new company they are employed in through the unified e-member sewa portal.
Step-by-step guide to download EPF account from old to new company:
Remember, the transfer normally takes 30-45 days. Using the reference number given to you, you can follow the status of your request on the EPFO portal.