SillyBiscuit
SillyBiscuit

Merging EPF Accounts

Ones who have done it before -

  1. Was it something tedious? How long did it take?
  2. What are the pros/ cons of doing so, if any.

Thanks!

5mo ago
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BouncyJellybean
BouncyJellybean

Done it once. My next one fails due to an EPS credit by my first employer 😭😭😭

SillyBiscuit
SillyBiscuit

Hey i didn't get you, would you mind explaining?

BouncyJellybean
BouncyJellybean

I’ve done this process once & as per good advice one must get it done whenever you change orgs. So there’s an EPF & there’s EPS. My first org contributed to EPF(by their will) & to EPS(likely by accident) & now when I try to transfer my balance from my 2nd account to 3rd account, the transfer fails citing this reason.

TL; dr : fill form 11 & initiate a balance transfer to your new firm & get it approved by your new org, problem solved 🙂

SqueakyBurrito
SqueakyBurrito

Following. Did you opt for attestation from current or previous employer?

ZoomyBoba
ZoomyBoba

It's an online process. Takes a couple of minutes of effort if you have provided the correct details to your new employer. Backend approvals take a couple of days. Transfer is imp else your balance will stop accruing interest after 3 yrs

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