14 March 2017 - Wealth18.com

PFRDA has now notified the procedures (on 6th March 2017) through which EPF members can transfer their PF balance to NPS (New Pension System). In Budget 2016, one of the proposals was to provide one time portability or transfer option from EPF to NPS. In this post, we will focus on procedures to transfer balance from EPF to NPS, current hurdles and whether it makes sesnse to transfer? Requirements and Process for transferring EPF to NPS You need to have a NPS Tier 1 Account. You can open NPS account through employer, banks/entities registered as PoPs, or online through eNPS Portal. You need to submit the transfer form to your employer who will then initiate the balance transfer from EPF to NPS The employee should request the PF/Superannuation fund to issue a letter to his presen...

EPFO launched new unified UAN portal for Employees and EPF employers in Dec 2016. In this post, we will see the features and benefits of New Unified EPF UAN Portal. New Unified EPF UAN Portal will provides features as follows: Download and Print your updated EPF Passbook anytime Download and Print your UAN Card Check and Update your KYC Status Change your Mobile Number and E-mail ID You can login to the new unified UAN portal on https://unifiedportal-mem.epfindia.gov.in/memberinterface/ using UAN number and password. Sometimes, you might get error as the website is sometime encounter technical issues - because of heavy load on website. If your password is not working, you can choose "Forgot Password" Option. If your mobile number has changed, my other post will be helpful - H...

Day: 14 March 2017

How to transfer balance from EPF to NPS – Should you transfer?

New Unified EPF UAN Portal – access PF passbook, UAN, KYC etc