Transferring your PF balance rather than withdrawing it is the best way to increase your retirement savings. This strategy is also tax-efficient, as withdrawing PF funds during five years of continuous service results in taxes.

Employees are expected to contribute a percentage of their monthly earnings, generally 12% of their basic pay + dearness allowance, to their EPF account. Employers match this donation in equal amounts. Contributions to the EPF account earn interest at a predefined rate established by the government periodically.

Steps To Transfer PF Online

Step 1: Log in to your EPF account with your UAN and password at the following link: https://unifiedportal-mem.epfindia.gov.in/memberinterface/
Step 2: Under ‘Online Services’, select ‘One Member – One EPF Account (Transfer Request)’.
Step 3: Thoroughly study your personal information and the specifics of your current PF account.
Step 4: Next, click ‘Get Details’ to get the PF account details for your prior job.
Step 5: Depending on whether you have an approved signature with DSC, you may either self-attest the claim form or have it certified by your previous or present employer.
Step 6: Choose the appropriate employer and input your Member ID or UAN into the designated sections.
Step 7: Click the ‘Get OTP’ button to obtain a one-time password (OTP) via your registered mobile number. To authenticate your identity, enter the OTP in the supplied area and click ‘Submit’.
Step 8: Next, an online PF transfer request form will be prepared. This form must be self-attested and submitted in PDF format to your preferred employer. Your employer will also get an online notification about the EPF transfer request.