If you are a working professional and your provident fund i.e. PF gets deducted, then this news may be useful for you. It has been seen many times that after changing jobs, people are not able to see their old PF in their new account. If this is the case with you too, then let us tell you how many days it takes for the PF money to be transferred. Generally, there is delay in this many times but there are many reasons for delay. Let us tell you in complete detail what the matter is.
According to EPFO rules, it usually takes 7 to 20 days to transfer provident fund money from one company to another. But if even after this your money is not being transferred then there are many reasons for this. Like your KYC is incomplete or there is a delay in getting approval from your new office. Apart from this, your personal details may be mismatching. If there are any of these reasons, it may take more than 20 days for the PF money to be transferred.
How is the transfer processed?
To transfer PF money, you have to submit an online transfer request through UAN. Then the employer of your old or new company approves it. After this, EPFO verifies your request. Your PF money is transferred to the new account only after the verification is completed.
When can money be transferred quickly?
If your UAN number, KYC, Aadhar Card, PAN Card are completely updated then your work can be done quickly. After all the updation is done, the money can be transferred quickly, it also depends on whether your employer gives the approval quickly. If all these things are done quickly then your PF money can be transferred within 5 to 7 days.