A sea of change in the employment opportunities and multiple job changes will lead to the opening of many Employees Provident Fund (EPF) accounts by many employers. Having multiple provident fund account and handling them is a tough thing as the account is subject to becoming inactive if no contributions are made to it for 36 consecutive months.
The Employee Provident Fund Organization (EPFO) has come up with a solution to resolve this issue by consolidating multiple provident fund accounts for every member of EPF.
The introduction of the Universal Account Number (UAN) has eased the process of merging all the old EPF accounts on the EPFO website. The UAN is a unique lifelong 12- digit account number which is provided to each member of the Employees' Provident Fund Organization. Using the UAN employees can manage their provident fund account. The UAN will be issued by the Ministry of Employment and Labour under the Government of India.
These UAN will be specified on the employee's salary slip.
Let's check How to Merge Old EPF Accounts?
Step 1: First login to the EPFO Portal using your user name and password.
Step 2: Now Click on the 'One Member - One EPF Account (Transfer Request)' button which comes under Online Services Section
Step 3: Proceed further and verify your personal information and provident fund (PF) account details for present employment.
Step 4: You can either choose your 'Previous Employer' or 'Present Employer' for attesting the claim form (based on the availability of authorized signature holding). My preference is to choose the Present Employer, now enter your 'Old PF Account Number'.
Step 5: Now click on 'Get Details', all the details relating to your previous PF account will appear. Verify it after scrutiny.
Step 6: Proceed further and go to Step 2 Column and Click on 'Get OTP' option, a one-time password will be sent to your registered mobile number.
Step 7: Once you enter the OTP sent to your registered mobile number, click on the 'Submit' button.
Step 8: After this, your request for PF (Provident Fund) account merger will be successfully submitted. Your transfer claim status will appear on the screen and the same can be downloaded in 'Form 13' for future references. This form will include your PF number details of both current and previous employment.
- Members should have updated their KYC details on the website to use all the benefits of provident fund. It is mandatory, that your UAN should be seeded with bank accounts, Aadhaar and PAN Card.
- The account merging facility will be available 3 days after the activation of UAN.