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.

What is the process of online PF transfer?

How to Transfer EPF Online/ Step by Step Process at EPFO Portal

  1. Login to your EPF account using your UAN and password here.
  2. Click on the ‘One Member – One EPF Account (Transfer Request)’ option in the ‘Online Services’ section.
  3. Carefully verify personal information and the present PF account details.

How long does it take to settle PF online?

Once your employer has verified your details and you have filed for a PF settlement, an OTP will be sent to your registered mobile number. Enter the OTP and submit the Composite Claims Form. Once this is done, the process for making a withdrawal is initiated. Employees can expect their PF settlement within 5-10 days.

How do I withdraw my pension contributions?

How to withdraw EPS?

  1. Activate your UAN (Universal Account Number)
  2. Fill your bank account details and your Aadhar card number on the UAN portal.
  3. Submit a filled Form 11 (new) to your employer.
  4. Submit a filled Composite Claim Form (Aadhar) to the concerned EPFO office along with a cancelled cheque.

How can I transfer PF from previous employer to current employer?

When changing employers, a member must always get the PF account transferred from the previous employer to the current employer by submitting Form 13(R). Alternatively, the member can also request for a transfer online by logging into the EPFO portal with a valid UAN and password.

How long PF transfer takes?

Singh says, “Usually EPF transfer takes 30 to 45 days to complete. Once the EPF transfer is successfully completed, old EPF account employer (EPFO/Trust) will issue Annexure K in two copies – One copy will be given to the employee and another copy will be given to the new employer (trust/EPFO).