Many individuals switch job for better opportunities with better pay but somehow neglect the contribution made towards their retirement fund.
And it is not suggested to maintain multiple accounts as the EPFO has been advising members to link all their PF account numbers with the UAN and to also seed KYC data against their UAN number.
The consolidation of accounts will enable continuance of lifelong EPF membership, and allow PF, pension and insurance benefits on combined service.
EPF member should provide all his earlier EPF accounts along with his UAN linked account, Member ID and registered Mobile Number.
Simple Steps to consolidate or merge multiple PF accounts
1. Visit EPF Portal
2. Select Employees from the dropdown
3. Go to services and click One employee and One Epf accounts
4. Enter your registered mobile number
5. Enter 12 digit UAN
6. Company ID which is linked to UAN
7. Click generate OTP
8. Once you validate the OTP
9. In the new page enter all the previous EPF accounts. One can add around 10 previous EPF accounts.
The process may take few days as it will be directed to regional respective EPFO office for further verification. The EPFO offices may contact you in case of any issue.
With the enactment of Aadhaar Act, 2016 (26th March 2016), EPFO is now seeking to make Aadhaar, the primary identifier. Members having Aadhaar seeded UAN, saves the inconvenience of claims forms attestation by the employers.
How An Aadhar Card Number Benefits Through UAN?
You may now have understood why it is necessary to merge two EPF accounts into one EPF account. While doing so, it is also important to understand that you must link your Aadhar Card. One is that the settlement of dues become easy, when you do so. Secondly, there is more transparency.
If you have not submitted your Aadhaar card as yet, you should do so at the earliest.
How To Transfer EPF Account Online?
Individuals can even transfer EPF account online as the transfer process is transparent, efficient and comfortable. A member has an option to submit the claim either through his present employer or previous employer.