Transfer PF from Previous Company To New Company
I have recently joined new company(CTS). I had opted to transfer the PF to new company while leaving the previous company(TCS). 3 months after joining the new company I requested to transfer the PF accumulations. I find difficult to follow the procedure, so thought of make a note on this,
The situation as per my understanding is this. Previous employer has created a PF account and put money on that account. Also new employer has created a new PF account and added money. New employer will deposit money only to this PF account, will not add money to PF account that created by previous employer. Now after changing company, PF accumulations in previous employer PF account need to be transferred to PF account created by new employer. For this we need to fill form 13 online(http://www.epfindia.gov.in/) and hand over the hard copy to HR of the new employer. The current employer only can transfer the amount from previous company.
I have followed the document http://www.epfindia.com/site_docs/PDFs/OTCP_PDFs/ProcessFlowforMembers.pdf to complete the process.
Details Required:
PF account details of previous employer and current employer which can be obtained from payslips.
A PF Account number will be associated with previous employer. eg: MH/BAN/XXXXX/XXXXXX
A PF number will be associated with current employer. eg: TN/MAS/XXXXX/XXXXXX
Steps:
1. Register in http://www.epfindia.gov.in/.
2. Check eligibility for PF transfer in PF site(www.epfindia.gov.in ).
3. If eligible for PF transfer, fill necessary details in form 13 online.
4. Take printout of the application and hand over to hr of the current employer.