Employee’s Provident Fund Organisation subscribers are no longer required to file separate EPF transfer claims using Form-13 after changing jobs. From now on, it will be done automatically.
A new composite form called Form-11 is introduced that will replace Form-13 in all cases of transfer.
This was stated by EPFO in an order dated September 20, 2017. “EPFO has embarked upon the next phase of e-governance reforms with a view to making its services available to its stakeholders. EPFO has recently introduced a single page composite claim form (Aadhaar/non-Aadhaar) and composite claim form for death cases by replacing multiple forms for settlement of claims,” the EPFO order said.
From now on, the employees can give details of their previous EPF account in the new composite Form-11 while joining a new employer. This form will give a declaration about their details.
Once the old EPF account details are provided in the Form-11 form, the funds will be automatically transferred by the EPFO to new EPF account.
At present, the formal sector employees are required to file Form-13 for EPF transfer to their new account on changing jobs. The EPFO has also decided that the composite declaration form (F-11) will replace Form-13 in all cases of auto transfer.
More on New PF Transfer Rule:
- The Composite Form-11 is a declaration document filed by an employee through an employer. This form provides information on bank account number, Aadhaar number, and other details.
- At the time of joining a new employer, an employee can give details of their previous EPF account in new composite Form-11 to give the declaration about his/her details.
- Once the previous EPF account details are provided in Form-11, the funds will be automatically transferred by the EPFO to new EPF account.
- The formal sector employees are required to file Form-13 for EPF transfer to their new account on changing jobs.
- Form-11 will replace Form-13 in all cases of auto transfers.
Currently, EPFO receives over 1 Cr different type of claims, including EPF withdrawal, pension fixation, death claims and EPF transfer claims. The transfer claims constitute 10-15 per cent of the total claims filed by subscribers.
he retirement fund body also allows an online facility to encourage subscribers to seek transfer of funds into their new EPF accounts when they change jobs.
The EPFO had introduced Universal Account Number (UAN) which is a portable EPF account number that remains the same throughout the lifetime of a formal sector worker.
The EPFO has a subscriber base of over four crores and manages a fund size of over Rs 10 lakh crores.
To further boost e-governance, EPFO has initiated a new measure under which employers will be required to intimate about the details of their new employees online to retirement fund body EPFO from October 1, 2017.
The Employees’ Provident Fund Organisation (EPFO) has decided to do away with the filing of Form-9, a declaration by the employee taking up employment in an establishment in which Employees’ Pension Scheme is in force. This Form-9 is filed by the formal sector employers manually at present to intimate about their new employees.
Have a look at the New Form-11
Refer to our Blog:
Hi i m from NK Industrial Services , as our employees getting more than 20K salary and they has signed form 11
so my question is that is there any provision to generation pf number
Please update the employee details to your PF login. UAN will be auto generated on registration
I have transferred my EPF from trust to EPFO-Visakhapatnam.While as per letter for transfer from my Old PF(Trust), the CBC cheque has been sent on 02.01.19 , the EPFO (Visakhapatnam) has entered the amount on 26.03.19.Now shall I get the interest from 02.01.19 to 26.03.19 , if yes who will give?Is it EPFO ?
If I shall loose , where to claim ?
Yes, your Trust has to pay the interest.
Dear sir, i am working job as a contractor basis. mostly within 01 year my contractor change and i join then new once. due to all of these i get many epf account with single UAN. The main problem that when i join new contractor/companey. my previous employeer not given the approval to transfer epf in new companey account. That’s while in have many EPFO account with single UAN. i have submitted transfer request online and also informe to my previous employeer/companey. i am facing problem. There is any other way without approval of previous companey to transfer EPF Balance in new Companey Account. Please Help me.
If the previous employer is not updating the date of leaving on request, please file a grievance at EPFO portal. The process will be taken care off.