The Employees’ Provident Fund Organisation (“EPFO”) has revamped Form 13 (Transfer-out) functionality to further streamline and simplify the Provident Fund (“PF”) transfer claim process. This revamped process is introduced to reduce the processing time for transfer claims, leading to faster and more efficient service to members.
Key Highlights:
- The revamped Form 13 now incorporates bifurcation of taxable and non-taxable components of PF accumulations, as earlier mandated.
- The three-level processing at the Transferee (Destination) Office has been eliminated. Upon approval at the Transferor (Source) Office, PF accumulation and pension service details will automatically be added to the member’s account at the Transferee Office.
- The member’s profile and contribution details are now made available in Annexure ‘T’ of the Claim Approval Docket (“CAD”) at the Transferor Office for thorough verification before final approval.
- The role of the Approving Officer for Transfer-in Rejection has been removed.
- A Unique Transaction ID will now be generated and used during the settlement process to enhance security.
- The revamped system provides enhanced verification by enabling detailed comparison of KYC details between the Transferor and Transferee offices, and introduces an updated Annexure-K that separately highlights taxable and non-taxable components of the member’s PF balance.
A copy of the notification is linked below for your ease of reference.
Source: Employees’ Provident Fund Organisation
