Every individual moved to different cities and explored work opportunities. While working in multiple companies multiple EPF accounts were created that should take care of sincerity. It is one of the mandatory things that everyone should manage at the right time to avoid any inconvenience or loss of the amount collected by EPF.
EPF accounts are significantly important from the income tax perspective. A person can withdraw an amount from his EPF account after 5 years. EPF accounts also show your employment period of past and current company.
To organize all the EPF accounts altogether you will need UAN. You can access all the professional information of various EPF accounts opened at the time, working in multiple organizations.
It is suggested to link your old EPF account with the new EPF account opened by the new company. All the EPF should comply with the rules, regulations, and guidelines of the KYC.
Once you have access to a new EPF account you can transfer all your financial stuff and transactions from the previous one to the recent one.
- Go to the Member Sewa Portal developed by the Indian government.
- Once you reach the interface Go to Online Services > One Member-One EPF account.
Once you log in you’ll get to see all the transaction details performed by the employer on your account.
- An attestation process is followed by an old or current EPF account to make the transfer request smooth.
To merge the current account from the previous account two things are mandatory to have and activated.
- Previous member ID
- Previous PF Account Number
An OTP will be sent to the linked mobile number to verify the action and transfer request.
By getting the proper confirmation from your employers, further processes will go ahead. You can come back to check the status of merged EPF accounts.