Once you submit your provident fund (EPF / PF) transfer claim and it gets approved by your employers, the status message that you see on website is
Your request is in Transit between EPFO Out and In Office
Employees Provident Fund Organisation (EPFO) started the facility of online transfer of EPF balance in 2014. Online Transfer Claim Portal (OTCP) is the portal where you can apply for online transfer of EPF balance. EPFO has made the process pretty simple. Let us look into it.
Eligibility for Online PF Transfer OTCP
To avail this facility, there are only 2 prerequisite conditions -
The interest rates on the Employees Provident Fund (EPF) keep changing from time to time. To calculate interest on a specific year's contribution, you should know the interest rate prevailing during that year. Here is the ready reckoner showing historical data of interest rates declared on EPF/PF accumulations since 1952 till today.
Financial Year |
Interest Rate |
2015-2016 |
8.8... |