Upon joining a new organisation, the employee is supposed to fill and submit details to the new employer by furnishing details in the 'Composite Declaration Form (F-11)'. Along with your basic details, it also asks for the previous UAN (Universal Account Number), if any, and previous PF number etc.
What will happen now is that when your present employer enters the information (as per Form 11) in the employer's portal and if the UAN had been seeded with Aadhaar and bank details and had also been verified by the previous employer, it will trigger an auto-transfer process which will transfer the accumulations against the previous PF number to the new one.
An SMS informing the subscriber about the proposed auto-transfer is sent to the registered mobile number. The auto transfer will be completed only after -
What will happen now is that when your present employer enters the information (as per Form 11) in the employer's portal and if the UAN had been seeded with Aadhaar and bank details and had also been verified by the previous employer, it will trigger an auto-transfer process which will transfer the accumulations against the previous PF number to the new one.
An SMS informing the subscriber about the proposed auto-transfer is sent to the registered mobile number. The auto transfer will be completed only after -
(a) The employee does not request to stop the proposed auto-transfer (either online, or through the employer or at the nearest EPFO office) within 10 days of receiving the SMS, and
(b) The first contribution by the present employer is deposited and reconciled. Once the funds get transferred to the new PF number, a communication is sent to the employee by mobile and email.
In nutshell, for a smooth online transfer process, here are the things every employee needs to track while changing jobs:
* Make sure that the UAN has been seeded and verified by your employer before switching jobs.
* After switching, submit Composite Declaration Form (F-11) to the new employer.
* Employer uploads the information on to the employer's portal.
* Auto-transfer initiates from previous to new PF number.
(b) The first contribution by the present employer is deposited and reconciled. Once the funds get transferred to the new PF number, a communication is sent to the employee by mobile and email.
In nutshell, for a smooth online transfer process, here are the things every employee needs to track while changing jobs:
* Make sure that the UAN has been seeded and verified by your employer before switching jobs.
* After switching, submit Composite Declaration Form (F-11) to the new employer.
* Employer uploads the information on to the employer's portal.
* Auto-transfer initiates from previous to new PF number.
Actual transfer happens once the initial contribution by the present employer takes place.
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