Mumbai
The Employees Provident Fund Organisation (EPFO) has introduced a significant change that will make it easier for professionals to transfer their provident fund balance when switching jobs. Members can now download Annexure K, a crucial document needed for PF transfers, straight from the EPFO Member Portal, according to a circular released earlier this week by the Union Labour Ministry. Until now, employees could only access Annexure K upon request, and it was only shared between PF offices, which frequently caused delays and inconvenience. By giving members immediate online access to the document, the reform seeks to improve convenience and transparency.
Because it includes detailed information about an employee’s provident fund account, including member information, the PF balance with interest, full service history, job details, and joining and exit dates, Annexure K is essential for the PF transfer process.
When an employee changes jobs, this transfer certificate guarantees that their pension service and PF accumulations are correctly transferred to a new account.
According to the Labour Ministry, the new rule will guarantee a smoother transfer process, enable employees to check the status of their transfer applications online, and confirm the accuracy of their PF balance and service period in the new account.
By logging into the EPFO member portal, going to the online services section, selecting Track Claim Status, and then selecting the option to download Annexure K in PDF format, employees can obtain the document.
Steps to download Annexure K: Log in to the EPFO member portal using your details, go to ‘Online Services’, select ‘Track Claim Status’, and click on ‘Download Annexure K’.