What is Otcp in EPFO?
EPFO launched its Online Transfer Claim Portal (OTCP) on Oct 2, 2013 to guarantee prompt transfer of EPF account from one employer to another when an employee moves from one job to another.
Does PF transfer happens automatically?
Now EPF Account Will Be Transferred Automatically On Job Change.
How do I get Annexure K?
Step 1: Go to the UAN member portal and login with your UAN and password. Step 2: Now go to online services on menu bar and click on download Annexure K. Step 3: If your PF was already transferred from exempted to unexempted then you can find an option to download your Annexure K.
What happens if present employer is not approving PF transfer?
The Harassment of Employers The rules do not state that an employer can hold the EPF amount of an employee. But, Many employer do not approve the EPF withdrawal form to arm-twist the employee. The employers try to enforce the notice period against the signature on EPF withdrawal form.
Can employee get Annexure K?
Annexure K is an EPF document issued by EPFO India to the EPF members whenever their PF transfer claim gets settled successfully. EPF members will get their Annexure K whenever they raise PF Transfer request from Unexempted to the exempted establishment or Exempted to the Unexempted establishment.
Can employee request for Annexure K?
The Exempted Establishment can make a request to the EPFO office for upload of Annexure –K not available with it. The Exempted Establishment / Trust would log-in on the Online Transfer Claim Portal. The following screen would appear. Please click on the Tab ANNX-K.
What happens if you don’t transfer PF to new company?
Therefore, if the period of employment in the previous organisation is less than 5 years and you do not transfer the account to the new employer, then the amount received from the previous employer including the interest earned will become taxable on withdrawal.