Recovering EPF Amounts Deposited During Tenure in a Private Limited Company

Switching from a tenure in a private limited company to a government job is a significant career move, but it raises practical concerns about EPF (Employee Provident Fund) account closure. If you have completed 13 months of service and are now seeking to recover the funds from your EPF account, this article will guide you through the available processes.

Understanding the EPF System and Eligibility

For individuals who have a UAN (Unique Account Number) and no longer have EPF deductions, the process for recovering the EPF amount is straightforward. If your Aadhar and PAN are linked with your UAN, you can apply online for the claim. Follow these steps to ensure a smooth process.

Online Claim Transfer Process

Steps to Apply Online

Visit the EPFO website. On the homepage, click on the section labeled 'Online Transfer Claim Portal.' Before logging in, check if you can apply online for the EPF transfer. If not, you will have to submit a physical copy of Form 13 to your either current or previous employer. Log in and navigate to the claims section. Click on 'Request for Transfer of Funds.' The form 13 will open. Fill in your PF numbers for both previous and current employers, then click on 'Click here to get details.' The necessary information about your account details will appear. Your date of joining, date of leaving, and the name and address of the establishment where your PF account was held will be shown. This information ensures the accuracy of the transfer. Choose if you want the claim to be attested by your present employer or your previous employer. Enter the characters from the captcha and click 'Next.' Enter the PIN sent to your registered mobile number. The application is submitted, and a Tracking ID is generated. Print the PDF version of the form, sign it, and submit it to your employer within 15 days. Note down the contact details of the authorized person to sign on the form. These are provided after submission. Both your current and previous employer will verify the details electronically. Once approved, the funds will be credited to your EPFO branch office, and you will be updated through SMS notifications. The process usually takes 15-20 days for the amount to be transferred to your bank account.

Offline Claim Transfer: Form 13

The EPFO introduced a revised Form 13 for easier fund transfer. You can submit it to either your current or previous employer, not just your current one. However, there is an exception; if your current employer falls under the exempted category and manages finances through a trust, you must submit Form 13 to your current employer to obtain specific details such as bank account information.

Offline Claim of Withdrawal: Form 19

If you need to claim final settlement after leaving the job or retiring, Form 19 must be filled out. Some important points to remember:

The form can only be filled in after two months from the date of leaving or retirement. Provide your mobile number for final settlement. The form is available for online and offline filling. PAN (Permanent Account Number) is required for claiming final settlement. Both the employee's and the employer's signatures are mandatory for offline settlement. Fill in the advance stamp receipt if you need the payment by cheque, otherwise, you do not need an advance stamp for electronic credit (ECS). At the beginning of the form, provide your mobile number.

Additional Assistance

If you encounter any difficulty, do not hesitate to contact a PF Consultant near your location for further assistance.

Conclusion

Transferring and recovering EPF amounts is a critical part of your career journey, especially when transitioning to a new job. By understanding the EPF claim, transfer, and withdrawal processes, you can effectively manage your finances and ensure a smooth transition between employment.