Top News

New Delhi: If you are employed and PF is deducted from your salary, then this news is of great use to you. It is often seen that when people change jobs, they face difficulty in seeing the old money in their new PF account. Many times people get worried whether their money is stuck somewhere. If you are also in the same confusion, then let us know how much time it actually takes to transfer PF money from one account to another and what is the reason for the delay.

The ‘magic number’ is 7 to 20 days.

According to the rules of Employees Provident Fund Organization (EPFO), transfer of PF money from one company to another usually involves 7 to 20 days It takes time. However, sometimes this process gets delayed by more than 20 days. The main reasons behind this could be your incomplete KYC, mismatch of personal details or delay in getting approval from your new office. If your documents are absolutely correct, then this task becomes very easy.

How does the entire transfer process work?

The process of PF transfer is completely online. For this you have to submit an online transfer request through your UAN portal. After submitting the request, the employer of your old or new company approves it digitally. Once you get the green signal from the employer, EPFO ​​verifies your request. Only when the EPFO ​​verification is completed, the money is withdrawn from your old account and deposited in the new account.

How to get money in just 5 days?

If you want your PF transfer to happen at lightning speed, then you have to ensure a few things. First of all, check whether your UAN number, Aadhar card, PAN card and bank details are completely updated or not. If your KYC is complete and your employer immediately approves the request, then your PF money will just be transferred to you. 5 to 7 days Transfer can be made to the new account within Rs. Therefore, always keep your details updated so that you do not have to go through any hassles later.