EPF or Employees Provident Fund is a financial security scheme in India. The EPFO manages all the EPF services and guidelines. This scheme helps people save a part of their salary while earning throughout their working period. This fund is also regarded as a retirement fund as it is the main objective is to provide adequate funds for the retirement life.
Employees often change their organization while working. But to maintain the continuity of the scheme, you have to fill a form to transfer the PF account to a new organization. So, in this article, you will find detailed information on this query. Which form has to be filled while transferring the provident fund deposit?
Which form has to be filled while transferring the provident fund deposit?
The answer is Form 13
Form 13 has to be filled to transfer the PF account if you change your organization. It is a self -declaration form that helps the employer to find out whether the employee is already a member or not. This is done to transfer the existing PF account from one organization to another. Moreover, Form 13 also contains the history of the EPF account of the employee. But with the changes in form 11, the employees can fill in the request for transfer of EPF benefits in form 11 itself. This means that you are not required to file the EPF form 13 separately.
Suppose an individual is earning more than Rs15000 and working in a company having more than 20 employees. Then the individual is liable to contribute to the EPF account. Moreover, the employee has to provide details of the EPF account in Form-11 / Form1-13 whichever you choose if any.
Who Is Needed To Fill The Form-11/13?
Now, we will read about the eligibility criteria of Form 11/13. It is mandatory for an employee to switch to a new organization to fill form 11. Furthermore, employees also have to fill form-11 at the time of joining a new establishment. Earlier employees had to fill form 13 for transferring their PF account. But with some changes to form 11, transferring of the PF account is done through form11 itself.
How To Download Form 11/13?
To download the form, visit: www.epfindia.gov.in
What Are The Details To Be Filled In Form 11/13?
The details to be filled shows two aspects; one as an employee and another as a previous employer.
Form 11/13 Details To Be Filled By The Employee
Form 11/13 contains the following fields that are required to be filled by the employee:
- Name of the individual
- His/her date of birth
- Father’s or Husband’s name
- Gender of the employee
- His/her personal email-id.
- Mobile number to be registered
- Marital status
- His/her educational details.
- His/her KYC details. This includes PAN card, Aadhaar card, bank account details, etc.
Form 11/13 Details To Be Filled By The Previous Employer
Details related to previous employer and participation in EPF and EPS if any:
- Previous employer details.
- Date of joining the organization
- UAN(universal account number ) of the member
- Provident fund ID number of the employee
- Verification of the employee details.
- Scheme certification number, if any.
Additional Documents Needed For Employees Out Of The Country
If the employee is based out of the country, then additional documentation is to be provided. Which include:
- Country of Origin
- Passport Number
- Validity of passport
Other Details Of Form 11/13
The Undertaking Of The Employee:
Here the employee has to certify some declarations that are mentioned in form 13. The employee should go through it. After that, you are required to sign in the declaration. Along with the signature, you also need to mention the date and place of signing. This is to be noted on the left-hand side of the undertaking.
Declaration By The Current Employer:
The present employer is needed to take a necessary declaration. The employer has to fill up the concerned details and sign the same. Then this declaration is to be sealed by the employer. This declaration contains detailed furbished by the employee. This declaration includes:
- Date of joining of the member
- PF id assigned to the employee
- UAN number for the EPFO portal provided
- Verification of the KYC details.
Form 11/13 Submission:
Once the above process is complete. The sealed form is submitted to the nearest regional EPFO branch. And the same is updated in the database within a week.
EPF forms a significant investment scheme for all salaried employees. You also need to maintain your EPF account so that you can have a hassle-free withdrawal whenever you want. And transferring your EPF account while switching organizations becomes a necessary part. Thus, Form 13 helps to transfer your PF money. Moreover, The abrogation of form13 and the use of modified form 11 has further simplified the transferring procedures. So, we should always try to do EPF related work well before time as a stitch in time saves nine.
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