Want to transfer your old PF account to a new one? EPFO ​​outlines two methods; learn the step-by-step process..

EPF Account Transfer: The Employees' Provident Fund Organisation (EPFO) has simplified the EPF account transfer process for employees changing jobs. Employees can now use two distinct options on the EPFO ​​portal to transfer the balance from their old PF account to their new one. This consolidates the PF balance in one place and enhances future benefits.

First Method – Request for Transfer of Account
Under this method, after logging into the EPFO ​​member portal, employees can navigate to the 'Online Services' tab and select the 'Request for Transfer of Account' option. This allows them to apply online to transfer the PF balance from a previous employer's account to their current account.

Second Method – Member Service History
A new 'Member Service History' option has been introduced in the online services section under EPFO ​​3.0. Clicking on this displays a record of all the employee's past and current jobs. It also provides details regarding the Aadhaar-linked UAN and all associated Member IDs.

If a previous PF account has not yet been transferred, a 'Claim' option will appear next to it. Clicking this allows the employee to file a 'Service Transfer Claim' using Form 13.

How to Apply for EPF Transfer
The application process is largely the same for both options.

First, enter the Member ID of the previous organization.
Next, click on 'Get Details'.
Verify the request using the OTP sent to the mobile number linked to your Aadhaar.
Submit the application after the OTP is verified.
The portal then displays the current account to which your old PF balance will be transferred.

Why is EPF Transfer Important?
According to the EPFO, merging old and new PF accounts aggregates the employee's total service period, offering several benefits:

Consolidating the PF balance in one place can result in a higher payout during advance withdrawals or final settlement.
It helps avoid TDS (Tax Deducted at Source) deductions upon final settlement.
It strengthens eligibility for a pension, particularly after completing 10 years or more of service.
It enables access to insurance cover of up to ₹7 lakh under the Employees' Deposit Linked Insurance (EDLI) scheme.