Earlier, the mammoth paperwork required for EPF transfer claim was a nightmare for those who switched jobs. But now the online transfer claim of EPF by Employees' Provident Fund Organisation (EPFO) has made it easier for anyone opting for a change in job.
The online claim can get rejected by the employer when you submit the claim to either of your previous or present employer for attestation or at the time of verification when you submit the claim through your present employer. The reasons for which the claim can get rejected by your previous or present employer when you submit it for attestation are:
- In case the claim (physical or manual) has already been sent to EPFO and has not been rejected till date.
- The signed online claim print out has not been submitted by you 15 days of making the online claim application. (In case you are unable to do so within the time period you must inform the authorised signatory/employer without any delay).
- Mismatch of member details with the established records.
- Signature mismatch with the available office records.
In case, you make the transfer claim of your EPF through your present organisation you must be very careful while making the online claim application. At the time of verification of member details by previous employer, if your member details does not match with established records then it is highly likely that your claim will get rejected.
Also read Is EPF amount taxable upon withdrawal?
So, you must carefully feed the right information on the EPFO portal while making online claim for the transfer of EPF. Or else, even a small mistake on your part may lead to the rejection of your claim by the employer.
These days processes are becoming much easier and it is not too difficult to get the process done quickly. Now, one can link the Aadhar Card to the EPF, which makes the ability to receive the EPF amount even faster. In fact, with the UAN and Aadhar card getting linked, there are reports that the money would now be settled in just one month. Whether this is true is not known, but, if the process has become that fast, it would be extremely beneficial for investors.