Epf India

Transfer PF Amount from One Provident Fund Account to New PF account online at members.epfoservices.in

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Transfer PF Amount from One Provident Fund Account to New PF account online at members.epfoservices.in, How to Transfer Old PF account to new employer.
The world is growing and the employment opportunities have been growing for the people. People shift from one job to another to improve their employ-ability skills and also for their compensation. Moving of one employer to another employer requires much of paper work and various formalities.

In case of PF account it is in the olden days that people need to close off their old PF account that is linked to their old employer and open a new PF account linked to his new employer and job. Now with the technology copping up and advancements that are being brought up in EPFO people can just transfer their old PF account from old account to new account just by online and sitting at their own place.

Paper work used to be a great burden in those days for any kinds of work and moreover for PF transfer it used to be a bit higher. But the online services brought up by the employee provident fund organisation has made PF account transfer from old employer to new employer easy and that to be done in just few steps.

Transfer PF Amount from One PF Account to New PF account

The following steps will help you go through the various steps to be followed to transfer your old PF account to new employer.

  • The first step includes you to visit the official website of EPFO which can be done through clicking the link http://members.epfoservices.in/home.php.com
  • The home page of the official website appears where you need to fill in all your details which includes UAN, your mobile Number, and details of your employer like where he or she is located.
  • In this step you need to check for your eligibility if you are eligible for transfer of PF account or not. Click on ‘check for eligibility’ option.
  • If you are eligible then you will be continued for the next process and opens a new window where you need to give your information like pan card, driving licence, Aadhar card number.
  • Upon successful information providing you will receive a pin to your registered mobile number then type the pin that you have received, and then click verify.
  • Once your pin is correctly verified then you will get a confirmation message to your phone.
  • This is the place where a new page appears which is so called EPFO members portal.
  • You need to login into the page by entering your document identification and your phone number.
  • In the displayed page go to the top tabs and then click on ‘Request for Transfer’.
Transfer PF Amount

Transfer PF Amount

  • From here you can have access to PF forms, which are divided into 3 parts.
    a) The first part of the form is on where you enter your details.
    b) The second part is where you fill your old PF account details.
    c) The third part is where you need to fill in current PF account details.
  • Verify if all the information is correct, then enter CAPTCHA and then click ‘I agree’ option. Here on your transfer of PF account process have been initiated and you can get frequent information about your status through online at the official EPFO website.

Hope the article is informative and will help you transfer your PF account to your new account. For more details visit EPF India official website at epfindia.gov.in

Overview on EPF Interest Rate, How to calculate Employment Provident Fund Interest Rates

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Overview on EPF Interest Rate, How to calculate Employment Provident Fund Interest Rates, EPF interest rate for the year 2017 – 2018. Calculate Interest on EPF.
If you are interested to know about the overview of the EPF interest rate. This is the interest rate that changes and reviewed every year at the end of the financial year. And if you searching for the EPF interest rate for the financial year 2017 – 2018 then you are at the right place. Go on and find out the EPF interest rate along with a little brief description about EPF.

EPF which means Employee Provident Fund is a scheme where the employee and employer equal amount towards employees account. Employee will contribute 12% of his basic salary and employer contributes 12% of employees salary. But employers contribution of 12% goes into 2 things that is out of 12% the percentage of 8.33 is towards EPS and remaining 3.67% towards EPF. It is the retirement benefit that the employee is availed with. Read the article completely to know more about EPF interest rate.

Employee has an option to withdraw the amount during the service period in case of specific reasons or else he can withdraw the whole accumulated amount at the time of retirement. It is totally depend upon Employee.

Epf Interest Rates for this financial year 2017- 2018

EPF Interest Rates

For the EPF the EPFO’S Central board of trustees along with Ministry of finance review the interest rate every year. Usually the review on interest rate will be in the month of February which may extended to April and May. But in fact the review should be at the end of the financial year.

Overview of the EPF interest rate

Coming to interest rate for the financial year 2017 – 2018 8.55%. while the EPF interest rate has been decreasing as you can observe the EPF interest rate for the financial year 2016 – 2017 is 8.65% and if go further back the EPF interest rate for the financial year 2015 – 2016 is 8.80%. In 1989 – 2000 it was noted to be the highest interest rate reviewed and the the rate of EPF interest is 12%.

EPF interest will be calculated every month but the EPF interest will be deposited only at the end of financial year that is on 31st March for all the months.

Depending on the entity the contribution of EPF will change. As in case of entity with less than 20 employees or for the industries like jute, beedi, brick, Coir and Gaur gum the employee will make lower than 10%.

Usually the contribution of the employer will be like 8.33% towards Employees Pension Scheme account of the employees and 3.67% towards Employees Provident Fund account of the employees and 0.50% towards Employees Deposit Linked Insurance account of the employees. It means as a whole and in a simple way depending on the entity EPF contribution is of 2 things that is Employees contribution and employers contribution.

Thank you for reading the article completely. Hoping that the article is useful and informative. Follow us to know more about the EPF and the other things that you need to know about EPF interest rates.

In every year EPF Interest rates may vary. So, keep visit our website at epfindia.site for more updates/ you can also check the EPF official website at epfindia.gov.in

EPF/ EPFO Withdrawal Forms Download 5, 9, 10-c, 10-d, 13, 14, 19

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EPF/ EPFO Withdrawal Forms Download 5, 9, 10-c, 10-d, 13, 14, 19 etc. How to get EPF, EPFO Withdrawal Forms Download at epfindia.com
It is always not an easy task to withdraw the amount from the EPF account. There are certain provisions relating to it and it is never too easy to get the withdrawal.

We all know that we need to mention a nominee in the EPF form 2 or so called withdrawal form to receive the EPF amount in case if there is any death of the employee and in uncertain cases. Each form provided by the EPFO have its own restrictions and uses. Here in this article we tried to showcase you all some of the forms and their uses to the users. The list will help you know how each form will help you get your provident fund amount and various other services.

There are few cases where the EPF amount is permitted to be withdrawn by the employee.
The cases include

  1. The first case include purchasing of a new house or dwelling of house.
  2. In case of loan amount to be repaid in special cases.
  3. Some other miscellaneous cases as such.

Below is the article that provides clear information about what form will be used for what purposes. Read them clearly to get the complete guidelines about the withdrawal forms of various kinds available at EPF.

EPF/ EPFO Withdrawal Forms, How to Get Empolyment Providednt Fund

EPF withdrawal form 5 :
This is the form that is filled in order to get the due amount or the full PF amount in case the employee is died in the due course of his service.
EPF withdrawal form 10c :
This form can usually be used with form 19 and 20. This form is usually for those below 58 years of age to get the retention certificate of membership. This can also be used for settlement benefit in case of Employee Pension scheme or Old family pension Fund.

EPF withdrawal form 10D :
This withdrawal form may be used by the member or his nominee. This will be useful to get the pension amount by the member, if member is dead then his nominee can get the pension.

EPF withdrawal form 13 :
It is common that we shift from one employer to another when we relocate to a new job. This form will be useful shift our provident fund account from old employer to our new employer.

EPF withdrawal form 14:
Using this form you can contribute to life insurance policy from your provident fund account.

EPF withdrawal form 19:
This form will be very useful for you in case you are retiring from your job or quitting your present job.

EPF EPFO Withdrawal Forms

EPF/ EPFO Withdrawal Form 19

EPF withdrawal form 31:
This form will help the beneficiaries to get the loan or advance from their provident fund in case of medical reasons or house loans.

Hope the article is useful and has guided you to go through the various services provided by EPFO in terms of forms. The above provided can be clearly known by visiting the EPFO official website.

For more details visit EPF official website at epfindia.com