EPFO Login 2024 – Guide to EPFO Member e-Sewa Portal

EPFO Guide: Manage EPF Passbook, Check EPF Balance, Link Aadhaar with PF Online, UAN Login, PF claim status. Login to EPFO Member Portal to activate UAN.

Table Of Contents:

Introduction to EPFO	EPFO Mobile App
Functions of EPFO	Online Services Offered by EPFO
Implementation of Provident Fund Scheme	EPFO Grievance Redressal Mechanism
Implementation of Pension Scheme	EPFO Pension Scheme
Implementation of Insurance Scheme	EPFO Employee Enrollment Process
Membership and Eligibility	Withdrawal and Transfer of EPF Balance
EPF Contribution	EPFO Employer Compliance
EPS Contribution	EPFO Coverage and Benefits
EDLI Contribution	Benefits of EPFO
UPSC EPFO APFC	Recent Updates and Amendments in EPFO
EPFO Login Portal	Recent News
UAN	EPFO New Rules 2023

Introduction to EPFO

As an employee in India, the Employees’ Provident Fund Organization (EPFO) plays a crucial role in your financial well-being. This government body manages your provident fund contributions, ensuring a secure and reliable source of income after retirement. With millions of members and a focus on transparency and efficiency, EPFO is a cornerstone of India’s social security system. Whether you’re starting your career or nearing retirement, understanding EPFO is essential for securing your financial future.

What is EPFO and its role?

Established in 1952 under the Ministry of Labour and Employment, EPFO is a statutory body dedicated to providing social security and retirement benefits to employees. It manages three key schemes:

• Employees’ Provident Fund (EPF): A savings scheme where both employees and employers contribute a portion of the salary. The accumulated amount, along with interest, is paid to the employee at retirement or withdrawal.
• Employees’ Pension Scheme (EPS): A government-funded pension scheme that provides monthly pension benefits after retirement or death.
• Employees’ Deposit Linked Insurance Scheme (EDLI): An insurance scheme that offers financial protection to employees’ families in case of their death while in service.

Contribution and Investment

Employees contribute 12% of their basic salary and Dearness Allowance (DA) towards EPF. Employers contribute an equal amount (12% of basic salary and DA) along with an additional 8.33% towards EPS. These contributions are invested in diverse financial instruments like government bonds, equity shares, and debt funds, ensuring steady growth over time.

Services Offered

EPFO offers several services through its online portal and mobile app, including:

• Account management: View contribution history, track account balance, and update personal details.
• KYC (Know Your Customer) updation: Ensure smooth claim processing by linking Aadhaar and PAN cards.
• Claim settlement: File and track claims related to EPF, pension, and insurance.
• Digital initiatives: EPFO actively promotes digital platforms and mobile apps for easy access and convenience.
• Financial security: EPFO provides a safety net for employees and their families during retirement or unforeseen circumstances.
• Tax benefits: Contributions to EPF and interest earned are partially tax-exempt.
• Transparency and efficiency: EPFO promotes transparency through online access to account information and claim status.

 

Functions of EPFO

The Employees’ Provident Fund Organisation (EPFO) serves several critical functions, beyond just managing your individual provident fund contributions. Here’s a breakdown of its key responsibilities:

Administration of Schemes

• Employees’ Provident Fund (EPF): Collects contributions, invests them, and disburses funds at retirement or withdrawal.
• Employees’ Pension Scheme (EPS): Manages employer contributions and government subsidies to provide monthly pensions after retirement or death.
• Employees’ Deposit Linked Insurance Scheme (EDLI): Provides financial protection to families in case of employee death while in service.

Regulatory and Compliance

• Enforces the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
• Registers establishments covered under the Act.
• Conducts inspections and ensures compliance by employers.
• Settles disputes and grievances related to EPF contributions and claims.

Investment and Fund Management

• Invests EPF contributions in a diversified portfolio of assets like government bonds, equity shares, and debt funds.
• Manages the overall corpus of the fund to ensure security and growth.
• Publishes regular reports on investment performance and fund returns.

Facilitation and Services

• Provides an online portal and mobile app for account management, KYC updates, and claim settlement.
• Offers customer support through helplines and regional offices.
• Conducts awareness campaigns and workshops to educate employees about their rights and benefits.
• Collaborates with government agencies and other stakeholders for social security initiatives.

International Collaboration

• Acts as the nodal agency for implementing Bilateral Social Security Agreements with other countries.
• Facilitates cross-border portability of social security benefits for Indian workers abroad.

Research and Development

• Conducts research on social security trends and best practices.
• Develops innovative solutions to improve the efficiency and accessibility of EPFO services.
• Collaborates with academic institutions and research organizations.

Implementation of the Provident Fund Scheme

The implementation of the Provident Fund Scheme in India is managed by the Employees’ Provident Fund Organisation. Employers who have more than 20 employees are required to register for the scheme and make contributions to their employees’ Provident Fund accounts.

What is a Provident Fund Scheme?

A Provident Fund Scheme is a retirement benefits scheme established by an employer to benefit its employees. Under such a scheme, the employer and the employee contribute to a fund managed by a trustee or a board of trustees.

The contributions made by the employer and the employee are usually a percentage of the employee’s salary, and the fund grows over time through the interest earned on the contributions. When an employee retires, they can withdraw the accumulated balance in the fund, which provides them with a source of income during their retirement years.

Provident Fund Schemes are typically designed to provide financial security to employees after they retire, although some schemes may also provide benefits in the event of disability or death. These schemes are often mandated by law, and employers may be required to contribute to such schemes for the benefit of their employees. In India, for example, the Employees’ Provident Fund Organisation manages the Employees’ Provident Fund scheme, which is a mandatory retirement benefits scheme for employees in certain industries.

Provident Fund Scheme 1952

The Provident Fund Scheme of 1952 is a social security scheme established in India to benefit employees. The scheme was introduced to provide financial security to employees after their retirement or in the event of their incapacity to work.

Under this scheme, the employer and employee contribute a certain percentage of the employee’s salary to the provident fund account, which is managed by the Employees’ Provident Fund Organisation. The current contribution rate is 12% of the employee’s basic salary, dearness allowance, and retaining allowance, if any, and is mandatory for all eligible employees.

The scheme applies to all establishments with 20 or more employees, and in certain cases, establishments with less than 20 employees can also voluntarily register for the scheme. The contributions made towards the provident fund are tax-free, and the interest earned on the contributions is also tax-exempt.

The funds accumulated in the provident fund account can be withdrawn by the employee at retirement, after attaining the age of 58, or on cessation of employment. In an emergency or financial hardship, the employee can withdraw a certain amount from the provident fund account before retirement. However, withdrawing funds before retirement may result in a reduced amount in the employee’s provident fund account at retirement.

The scheme also provides for a pension scheme, where employees who have completed a certain number of years of service are eligible for a pension after retirement. Contributions from the employer fund the pension scheme, and the employee’s contribution is optional.

Overall, the Provident Fund Scheme of 1952 is an important social security scheme that provides financial security to employees after retirement or in the event of incapacity to work. Employees have widely accepted and appreciated the scheme and contributed significantly to their financial well-being.

What Are the Benefits of the Provident Fund Scheme?

The Employees’ Provident Fund (EPF) Scheme in India plays a crucial role in securing the financial well-being of employees. It offers a comprehensive package of benefits that contribute to long-term savings, financial security, and retirement planning.

• Financial Security: The scheme provides a lump sum payment at retirement, along with the option of withdrawing partial funds for emergencies or specific needs. This ensures financial stability after retirement or unforeseen circumstances.
• Tax Benefits: Contributions made towards EPF by both employees and employers are tax-exempt, and interest earned is also tax-free up to a certain limit. This significantly reduces the tax burden on employees and encourages savings.
• Long-Term Savings: The scheme encourages regular and disciplined savings over an extended period, fostering financial discipline and building a substantial corpus for retirement or other long-term goals.
• Employer Contribution: Employers contribute a fixed percentage of the employee’s basic salary towards the EPF, effectively doubling the employee’s contribution and accelerating corpus growth.
• Transferability: The accumulated funds are transferable between employers, ensuring continuity and preventing loss of benefits when switching jobs.
• Pension Scheme: Upon completing a minimum service period, employees become eligible for a monthly pension after retirement, providing additional financial security in their golden years.
• Emergency Withdrawal: Partial withdrawals are allowed under specific circumstances, such as medical emergencies, education expenses, or homeownership needs, offering flexibility and financial support during challenging times.

Who Is Eligible for PF Scheme?

The Provident Fund (PF) Scheme is applicable to employees who meet the following eligibility criteria:

• Employee 

The scheme is applicable to employees who are employed in any establishment with 20 or more employees. In certain cases, establishments with less than 20 employees can also voluntarily register for the scheme.

• Age 

There is no age limit for enrolling in the scheme. Regardless of age, any employee is eligible to enrol in the scheme.

• Salary 

The scheme applies to employees with a monthly basic salary of up to ₹ 15,000. However, if an employee’s basic salary is more than ₹ 15,000 per month, they can still enroll in the scheme. Still, the employer and employee contributions will be limited to 12% of the basic salary or ₹ 15,000, whichever is lower.

• Type of Employment 

The scheme applies to all types of employment, including permanent, temporary, and contractual employees.

It is important to note that the scheme is mandatory for eligible employees, and both the employer and employee must contribute a certain percentage of the employee’s salary towards the provident fund account. The scheme offers several benefits to employees, including financial security, tax benefits, and long-term savings.

Provident Fund Scheme 1995

The Provident Fund Scheme of 1995 is an updated version of the original Provident Fund Scheme of 1952. The scheme was introduced to address some of the issues and challenges faced by the original scheme.

The main features of the Provident Fund Scheme of 1995 include:

• Universal Coverage: The scheme applies to all establishments with 20 or more employees, including factories, mines, plantations, transport companies, and other types of establishments.

1. Higher Contribution Rate: The contribution rate under the scheme is 12% of the employee’s basic salary, dearness allowance, and retaining allowance, if any, which is higher than the 8.33% contribution rate under the original scheme.
2. Voluntary Coverage: In certain cases, establishments with less than 20 employees can also voluntarily register for the scheme.
3. Pension Scheme: The scheme also offers a pension scheme, where employees who have completed a certain number of years of service are eligible for a pension after retirement. Contributions from the employer fund the pension scheme, and the employee’s contribution is optional.
4. Insurance Scheme: The scheme also offers an insurance scheme that provides the employee life insurance coverage. The insurance coverage equals the employee’s basic salary plus dearness allowance, subject to a maximum of ₹ 6 lakhs.
5. Online Services: The Employees’ Provident Fund Organisation has introduced several online services, including the ability to check the balance in the provident fund account, file claims, and transfer funds.

Overall, the Provident Fund Scheme of 1995 has several features and benefits that are designed to provide better financial security and social protection to employees. The scheme has been widely accepted and appreciated by employees across India and has contributed significantly to their financial well-being.

Provident Fund Scheme in Post Office

The Provident Fund Scheme in the Post Office is a government-sponsored savings scheme that is offered to Indian citizens. This scheme is designed to provide financial security to individuals in their retirement years. Here are the key features of the Provident Fund Scheme:

1. Eligibility: Any Indian citizen who is at least 18 years old can open a Provident Fund account in the Post Office
2. Contributions: The account holder must make a minimum contribution of Rs. 500 per year to the scheme. There is no maximum limit on contributions
3. Interest: The scheme offers a fixed rate of interest, which is determined by the government. The interest rate is currently set at 7.1% per annum
4. Withdrawals: The account holder can withdraw the entire balance in the account after completing 15 years of membership. Partial withdrawals are also allowed after completing 7 years of membership
5. Tax Benefits: Contributions made to the Provident Fund Scheme are eligible for tax deductions under Section 80C of the Income Tax Act. The interest earned is also tax-free
6. Nomination: The account holder can nominate a beneficiary who will receive the balance in the account in case of the account holder’s death.

To open a Provident Fund account in the Post Office, the individual must fill out an application form and submit it along with the required documents. The account can be opened with a minimum deposit of ₹ 100. The account holder will receive a passbook, which will contain all the details of the account transactions.

What Are the Types of Provident Fund Schemes?

There are two main types of Provident Fund schemes available in India:

1. Employee Provident Fund: This scheme is available to salaried employees working in organisations with 20 or more employees. Both the employee and employer contribute 12% of the employee’s basic salary and dearness allowance to the scheme. The contributions are made monthly, and the accumulated amount is paid out at retirement, resignation, or in case of the employee’s death.
2. Public Provident Fund (PPF): This scheme is available to all Indian citizens, including self-employed individuals. The account holder can open a PPF account with any authorised bank or post office. The minimum contribution is ₹ 500 per year, and the maximum is ₹1.5 lakh per year. The interest rate is fixed by the government and is currently set at 7.1% per annum. The account matures after 15 years, but the account holder can extend it in blocks of 5 years.

Both EPF and PPF are long-term savings schemes that offer tax benefits and are designed to provide financial security in retirement. However, Employee Provident Fund is mandatory for salaried employees, while PPF is voluntary for all Indian citizens.

You can use our PPF Calculator Online to Calculate the maturity amount and interest earned on your Public Provident Fund (PPF) investment

Implementation of Pension Scheme

The implementation of the pension scheme by the Employees’ Provident Fund Organisation aims to provide financial security to retired employees. This pension scheme provides monthly pension payments to eligible employees who have contributed to the scheme during their working years. 

The scheme is mandatory for employees earning up to a certain threshold, while those earning above the threshold can opt-in voluntarily.

Higher Pension Using EPFO Link

The Employees Provident Fund Organisation has issued new guidelines for employees, allowing them to apply for a higher pension. The unified members’ login has been updated to include the option for subscribers to request a higher pension, and the deadline for applications is 3 May 2023.

Supreme Court Order on PF Pensions

The Supreme Court ruling from November 4, 2022 gave eligible employees a four-month window to choose a higher pension from the Employees’ Pension Scheme (EPS). The deadline to apply for this higher pension was on March 3, 2023. 

However, with less than 20 days remaining, the Employees’ Provident Fund Organisation has yet to release a circular explaining the process for opting for a higher EPS pension.

The ruling outlined two categories of eligible employees who could apply for a higher pension. The first category included employees who were members of the EPS before September 1, 2014, had opted for a higher pension from EPS, and were already contributing to EPS on a basic salary exceeding the relevant limit. 

However, their request for a higher pension was denied by them. The second category included employees who were members of EPS as of September 1, 2014 but missed the opportunity to opt for a higher pension from EPS by not submitting the required application form.

Higher PF Pension Scheme

Have you heard about the EPF higher pension scheme? It’s a great pension option available to eligible employees under the Employees’ Pension Scheme (EPS). What’s even better is that a recent Supreme Court ruling allows certain categories of employees to choose a higher pension from EPS within a four-month window starting from the date of the judgement.

The EPF higher pension scheme lets eligible employees receive a higher pension amount than what they would receive under the regular EPS pension scheme. It’s applicable to two categories of employees. The first category includes employees who were members of the EPS before 01 September 2014 and had their request for a higher pension denied by the Employees’ Provident Fund Organisation. 

The second category includes employees who missed the opportunity to opt for a higher pension from EPS by not submitting the required application form within the specified time period.

Under this scheme, eligible employees have the option to choose a higher pension amount by making additional contributions to EPS, subject to certain conditions and limits. If you’re interested in opting for the higher pension scheme, the exact details and process may vary, but you can obtain them from the EPFO. Don’t miss out on this opportunity to secure a better pension for your future!

Who is Eligible For EPF Pension?

Employees in India who are members of the Employees’ Provident Fund are eligible for the EPF pension. To be eligible for the pension, an employee must have completed at least 10 years of service and attained the age of 58 years. In case of death or permanent disability, the eligibility criteria may vary.

This pension is a benefit provided under the Employees’ Pension Scheme (EPS) which is administered by the Employees’ Provident Fund Organisation. The pension amount is calculated based on the employee’s average monthly pay and the number of years of service. The minimum pension amount under the EPS is currently ₹ 1,000 per month, while the maximum amount is subject to certain limits.

In addition to the regular EPS pension, eligible employees may also have the option to choose a higher pension amount under the EPF higher pension scheme, subject to certain conditions and limits, as described in the previous answers.

How Much Pension Will I Get From EPF?

The amount of pension an individual will receive from the Employees’ Provident Fund will depend on various factors such as the length of their service, their average monthly pay, and the type of pension scheme they are enrolled in.

Under the Employees’ Pension Scheme (EPS), an individual who has completed at least 10 years of service and has attained the age of 58 years is eligible for a pension. The pension amount is calculated based on the employee’s average monthly pay and the number of years of service.

As of September 2021, the minimum monthly pension under the EPS is ₹ 1,000, while the maximum amount is subject to certain limits. The actual amount of pension an individual will receive will depend on various factors such as the duration of their service, the salary drawn during their service, and any contributions made towards the EPS.

It is important to note that eligible employees may also have the option to choose a higher pension amount under this higher pension scheme, subject to certain conditions and limits, as described in the previous answers.

Implementation of Insurance Scheme

Employees’ Deposit Linked Insurance Scheme 1976 (EDLI)

The Employees’ Deposit Linked Insurance Scheme (EDLI) 1976 is a scheme implemented by the Employees’ Provident Fund Organisation in India. It provides life insurance coverage to employees who are members of the EPF scheme.

Under the EDLI scheme, the life insurance cover is linked to the amount deposited by the employer in the employee’s EPF account. The insurance cover is payable to the nominee of the employee in the event of the employee’s death during the service period.

The EDLI scheme provides a minimum life insurance coverage of Rs. 2.5 lakhs to all eligible employees. The maximum insurance coverage under the scheme is currently capped at Rs. 7 lakhs.

To be eligible for the EDLI scheme, an employee must be a member of the EPF scheme and have completed at least one year of continuous service with the same employer. The employer is required to make a contribution towards the EDLI scheme on behalf of their employees.

The contribution towards the EDLI scheme is currently 0.5% of the employee’s basic salary and dearness allowance. The employer is responsible for making this contribution on behalf of their employees.

The EDLI scheme is beneficial scheme for employees as it provides life insurance coverage at a low cost. It also provides financial security to the employee’s family in the event of the employee’s untimely death.

What is EPFO Insurance Scheme?

The Employee Provident Fund insurance scheme is a social security program in India that provides employee insurance benefits. Under this scheme, employers must contribute some of their employees’ salaries to a fund managed by the provident fund organisation. 

These funds are then used to provide insurance benefits to employees in the event of their death or disability. The scheme provides a financial safety net for employees and their families and helps to ensure their long-term financial stability.

Who is Eligible for EPFO Insurance?

All employees who are members of the Employee Provident Fund are eligible for the insurance scheme. This includes all employees in India who are working in organisations that are covered under the EPF and Miscellaneous Provisions Act, 1952. 

It is a mandatory retirement savings scheme in India, and all employees who earn a basic salary of up to ₹ 15,000 per month are required to contribute to the scheme. As a result, all such employees are automatically enrolled in the insurance scheme and are eligible for its benefits.

EDLI Scheme

The Employee Deposit Linked Insurance scheme is a group life insurance scheme provided by India’s Employee Provident Fund Organisation. This scheme provides life insurance benefits to the dependents of employees in case of the employee’s death while they are still in service.

Under the EDLI scheme, a lump sum benefit is paid to the nominee of the employee, which is equal to a maximum of 30 times the employee’s average monthly salary plus the employee’s share of the EPF contribution and interest earned on it. The minimum benefit payable under the scheme is ₹2.5 lakh.

The EDLI scheme is mandatory for all employers who are registered under the EPF and Miscellaneous Provisions Act, 1952. Employers are required to contribute a small percentage of the employee’s monthly salary towards the EDLI scheme, which is deposited with the employee provident fund. The scheme provides financial security to the dependents of the employee and helps them to cope with the financial impact of the employee’s untimely death.

EDLI Eligibility on Death Cases

The employee’s participation in the Employee Provident Fund programme and whether the employer made payments to the EDLI scheme determine whether the employee is eligible for EDLI (Employee Deposit Linked Insurance) benefits in the event of their death.

The nominee or legal successor of the employee is eligible to receive the EDLI benefits if the employee was a member of the Provident Fund programme and the employer has contributed to the EDLI plan. The employee’s nominee or legal heir receives the benefits in one lump sum. 

The employee’s average monthly wage and the amount saved in the EDLI fund determine the amount payable.

Notably, to qualify for EDLI benefits, the employee had to be a current participant in the Provident Fund programme at the time of their death. Suppose the employee had left the employment before their death and had not removed their Provident Fund balance. 

In that case, the nominee or legal successor may still be eligible for the EDLI benefits if the employee had not taken the balance and the employer had made contributions to the EDLI scheme.

EDLI Calculation

The calculation of EDLI (Employee Deposit Linked Insurance) benefits is based on the average monthly salary of the deceased employee and the balance accumulated in the EDLI fund.

The maximum amount payable under the scheme is 30 times the employee’s average monthly salary, subject to a maximum of ₹ 7 lahks. Additionally, the amount contributed by the employee towards the Employee Provident Fund scheme, along with interest earned on it, is also payable to the nominee or legal heir.

For example, if the average monthly salary of the deceased employee were ₹ 20,000, the maximum amount payable under the scheme would be ₹ 6 lahks (30 x ₹ 20,000). If the employee had contributed ₹ 2 lahks towards their employee account, along with interest earned on it, the nominee or legal heir would also receive this amount.

It’s important to note that the amount payable under the scheme depends on various factors, such as the length of the employee’s service, their contribution towards the employee scheme, and the amount accumulated in the EDLI fund.

You can use our Salary Calculator Online to calculate your take-home salary and other monthly deductions

How to Claim Benefits Under EDLI Scheme

To claim benefits under the EDLI (Employees’ Deposit Linked Insurance) Scheme, you can follow these steps:

1. Inform the Employer: In case of the unfortunate event of the death of the employee, the first step is to inform the employer about the demise. The employer will then provide the necessary forms and documents to claim the benefits under the scheme.
2. Fill out the Necessary Forms: The employer will provide the nominee of the deceased employee with the necessary forms to claim the benefits under the EDLI Scheme. The nominee must fill out the forms accurately and completely, attaching all the necessary documents and certificates.
3. Submit the Forms: The nominee must submit the filled-up forms to the employer or the regional Provident Fund office, along with the death certificate of the employee, the claimant’s identity proof, and bank account details.
4. Verification and Approval: The employer or the regional Provident Fund office will verify the documents and the claimant’s identity proof to approve the claim.

Receive the Benefit: Once the claim is approved, the nominee will receive the benefit amount directly in their bank account.

What is the Life Insurance of EPFO Employees?

The life insurance provided to Employees’ Provident Fund employees is called the EDLI (Employees’ Deposit Linked Insurance) Scheme. It is a group life insurance scheme that provides life insurance coverage to all members who are contributing to the Employee Provident Fund scheme.

Under the EDLI Scheme, the nominee of the deceased employee is eligible to receive a lump sum amount, which is a multiple of the average monthly salary and the balance in the employee’s account, subject to a maximum limit of ₹ 7 lakh. The amount of the benefit may vary depending on the duration of the employee’s account and the contribution made to the scheme.

The EDLI Scheme is managed by the employee provident fund, and the premium for the scheme is paid by the employer on behalf of the employees. The scheme provides financial security to the family of the deceased employee in case of an unfortunate event.

EPF Insurance Death Claim Form

To claim benefits under the EDLI (Employees’ Deposit Linked Insurance) Scheme, which is the life insurance scheme provided to Employees’ Provident Fund members, the nominee of the deceased employee needs to fill up the necessary forms accurately and completely, attach all the necessary documents and certificates. 

The forms required for filing a death claim under the EDLI Scheme are as follows:

1. Form 5 IF: This is the claim form for the EDLI Scheme, and the nominee needs to fill this up accurately and completely.
2. Form 20: This form is for the final settlement of the deceased employee’s EPF account.
3. Death Certificate: A copy of the death certificate of the deceased employee needs to be submitted.
4. Identity Proof: A copy of the nominee’s identity proof needs to be submitted.
5. Bank Account Details: A canceled cheque or a copy of the passbook needs to be submitted to receive the benefit amount.

These forms are available on the employee provident fund website, and the nominee can download them from there. The filled-up forms need to be submitted to the employer or the regional Provident Fund office for verification and approval. Once the claim is approved, the nominee will receive the benefit amount directly in their bank account.

Membership and Eligibility

The EPFO manages the Employees’ Provident Fund scheme, which is a great social security program designed to provide financial stability to employees after they retire. Let me give you a quick rundown of membership and eligibility requirements for the EPF scheme

1. Membership: Any employee working in an establishment with 20 or more employees can become a member of the EPF scheme. However, employees earning a basic salary of over ₹ 15,000 per month are not eligible to join the scheme. 
2. Eligibility: Employees can become members of the EPF scheme from the day they start working in an establishment covered by the scheme. Even if an employee switches jobs, they can continue contributing to the scheme as long as their new employer is covered by the scheme.

It’s essential for both employers and employees to understand the eligibility criteria and contribution requirements of the EPF scheme to fulfill their obligations and receive the benefits they’re entitled to.

EPF Contribution

The Employees’ Provident Fund is a social security scheme managed by the Employees’ Provident Fund Organisation in India. Both employers and employees are required to contribute to the scheme, which helps employees build a retirement corpus. Here’s a brief overview of Employees’ Provident Fund contribution:

EPF Contribution Rate

Did you know that as an employee in India, you and your employer are required to contribute to the Employees’ Provident Fund scheme? The EPF contribution rate is 12% of your basic salary and dearness allowance.

Let’s say your basic salary is ₹30,000 per month, and your dearness allowance is ₹5,000 per month, your EPF contribution would be ₹4,200 per month (which is 12% of ₹35,000).

It’s important for both employers and employees to follow the guidelines and contribute to the EPF scheme to ensure that you receive the benefits at the time of your retirement. The EPF scheme provides financial security to employees after their retirement, and the contribution made by both the employer and the employee is crucial in building a retirement corpus.

EPF Contribution Rate 2022-23

For the financial year 2022-23, the contribution rate for the Employees’ Provident Fund scheme in India remained unchanged at 12% of the employee’s basic salary and dearness allowance. The employer and the employee are required to contribute to the EPF scheme, which is calculated on the employee’s basic salary and dearness allowance.

• Employee contribution to EPF: 12%
• Employer contribution to EPF: 3.67%
• Employer contribution to EPS: 8.63%

EPF Employer Contribution

The employer contribution to the Employees’ Provident Fund scheme in India is also 12% of the employee’s basic salary and dearness allowance. The employer is responsible for deducting the employee’s contribution from their salary and depositing it to the employee provident fund account on a monthly basis. The employer is also required to deposit their own contribution to the employee provident fund account.

The EPF scheme is a social security scheme managed by the Employees’ Provident Fund Organisation in India, which helps employees build a retirement corpus. The EPF contribution made by both the employer and the employee earns an interest, which is decided by the government annually. The current interest rate is 8.5% per annum.

It is important for both employers and employees to understand the EPF contribution requirements and ensure that they are contributing to the scheme as per the guidelines to receive the benefits at the time of retirement.

How EPF Contribution is Calculated?

The Employees’ Provident Fund contribution is calculated based on the employee’s basic salary and dearness allowance. The employer and the employee are required to contribute to the EPF scheme, and the current contribution rate is 12% of the employee’s basic salary and dearness allowance.

Here’s an example of how EPF contribution is calculated:

Suppose an employee has a basic salary of ₹ 20,000 per month and a dearness allowance of ₹ 5,000 per month. The total monthly salary of the employee would be ₹ 25,000. The EPF contribution for this employee would be calculated as follows:

Employee’s contribution: 12% of ₹ 25,000 = ₹. 3,000

Employer’s contribution: 12% of ₹ 25,000 = ₹ 3,000

Therefore, the total EPF contribution would be ₹ 6,000 per month.

Employers and employees must ensure that they contribute to the EPF scheme as per the guidelines to receive benefits at retirement. This scheme provides financial security to employees after retirement, and the contribution made by both the employer and the employee is crucial in building a retirement corpus.

What is Pension Contribution in EPF?

The employer makes the pension contribution to the Employees’ Provident Fund scheme in India and is a part of the total EPF contribution. The contribution rate for the pension scheme is 8.33% of the employer’s contribution or ₹ 1,250 (whichever is lower).

For example, if the employer contribution towards EPF is ₹ 3,000, the pension contribution would be ₹ 250 (8.33% of ₹ 3,000). If the employer contribution is ₹ 15,000, the pension contribution would be ₹ 1,250 (the maximum limit).

The pension contribution is made to the Employee Pension Scheme (EPS), part of the EPF scheme. The EPS provides employees with a pension after retirement and the EPF corpus. The pension amount is calculated based on the years of service and the employee’s average salary during the last 12 months of their service.

Employers and employees must ensure that they contribute to the EPF and EPS schemes per the guidelines to receive the benefits at retirement.

How to Withdraw Pension Contribution in EPF?

Suppose you are an employee who has contributed to the Employees’ Provident Fund scheme and the Employee Pension Scheme (EPS), and you want to withdraw your pension contribution from EPF. In that case, you can follow the below steps:

Step 1	Download the Composite Claim Form (Non-Aadhaar) from the official website or obtain a physical copy from the nearest EPF office
Step 2	Fill in the form with the required details, including your name, EPF account number, and bank account details
Step 3	Tick the box for pension withdrawal under the section for the reason for withdrawal
Step 4	Attach a canceled cheque leaf or a copy of the bank passbook to the form
Step 5	Submit the form along with the required documents to the EPF office. You can also submit the form online through the official website if your Aadhaar number and bank details are linked with your EPF account
Step 6	Once the application is processed, the pension amount will be credited to your bank account.

 

It is important to note that the pension contribution cannot be withdrawn independently. It can only be withdrawn along with the EPF corpus, subject to certain conditions such as unemployment for a minimum period of 2 months, retirement, or permanent disability.

Eligibility to Withdraw Pension Contribution in EPF

The eligibility criteria to withdraw pension contribution in the Employees’ Provident Fund scheme in India are as follows:

1. Age: The employee must have attained the age of 58 years to be eligible to withdraw the pension contribution. However, the pension can be withdrawn at the age of 50 years in case of early retirement
2. Service Period: The employee must have completed a minimum service period of 10 years to be eligible to withdraw the pension contribution. In case of the death of the employee, the pension can be claimed by the nominee or the legal heir
3. Employment Status: The employee must be unemployed for a minimum period of two months to be eligible to withdraw the pension contribution. However, if the employee has attained the age of 58 years, the pension can be claimed without the requirement of being unemployed
4. Other Conditions: The pension contribution can also be claimed in case of permanent disability of the employee, migration to a foreign country, or in case of a dispute between the employer and employee leading to the closure of the company.

It is important to note that the pension contribution cannot be withdrawn independently. It can only be withdrawn with the EPF corpus, subject to the conditions mentioned above. Additionally, it is recommended to consult with an expert or visit the nearest EPF office for any queries or assistance regarding the withdrawal process.

EPS Contribution

The Employee Pension Scheme is a scheme under the Employees’ Provident Fund in India. It provides a pension benefit to the employees who have contributed to the scheme. The EPS contribution is made by the employer and is a part of the overall EPF contribution made toward an employee’s retirement savings.

The EPS contribution rate is 8.33% of the employer’s contribution towards the EPF scheme. This means that 8.33% of the employer’s contribution is directed towards the EPS scheme, while the remaining amount is directed towards the EPF scheme.

EPS Contribution Rate

The contribution rate for the Employee Pension Scheme (EPS) in the Employees’ Provident Fund scheme in India is 8.33% of the employer’s contribution. This means that 8.33% of the employer’s contribution towards the EPF scheme is directed towards the EPS scheme.

For instance, if an employer contributes 12% of an employee’s basic salary towards the EPF scheme, then 8.33% of this (that is., 8.33% of 12% = 1%) will be contributed towards the EPS scheme. The remaining 11% will be directed toward the EPF scheme.

It is important to note that the contribution towards the EPS scheme is made by the employer and not by the employee. The employee is only eligible to receive the pension benefit under the scheme, subject to the eligibility criteria and other conditions.

How to Withdraw Pension Contribution in EPS

To withdraw the pension contribution in the Employee Pension Scheme (EPS) under the Employees’ Provident Fund in India, the employee needs to follow these steps:

1. Fill the Composite Claim Form (CCF): The employee needs to fill the CCF form to withdraw the pension contribution. The form is available on the website or can be obtained from the nearest EPF office.
2. Submit the Form: Once the form is filled, the employee needs to submit the form along with other required documents to the nearest EPF office. The documents required include the employee’s bank account details, cancelled cheque, Aadhaar card, PAN card, and other relevant documents as per the requirement.
3. Verification and Processing: The EPF office will verify the details provided by the employee and process the pension withdrawal request. The processing time may vary depending on the EPF office’s workload and the accuracy of the documents submitted.
4. Receive the Pension Benefit: Once the withdrawal request is processed, the pension benefit will be transferred to the employee’s bank account. The amount of the pension benefit will depend on the employee’s eligibility as per the EPS scheme rules and regulations.

It is recommended to visit the nearest EPF office or consult with an EPF expert for any queries or assistance regarding the withdrawal process.

What is the Difference Between EPS and EPF?

The Employee Pension Scheme (EPS) and the Employees’ Provident Fund are both schemes under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 in India, which aim to provide social security benefits to employees in the organised sector.

The key difference between EPS and EPF is their respective objectives. While the scheme is mainly focused on providing retirement savings to employees, the EPS scheme provides pension benefits to employees after their retirement.

The EPF scheme is a savings scheme, where the employee and the employer contribute a certain percentage of the employee’s basic salary and dearness allowance towards the fund. The EPF contribution is directed towards the employee’s retirement savings, which can be withdrawn upon retirement, resignation, or other specified reasons.

On the other hand, the EPS scheme is a pension scheme, where the employer contributes a certain percentage of the employee’s basic salary and dearness allowance towards the fund. The EPS contribution is directed towards the employee’s pension benefit, which is paid to the employee after retirement.

Another key difference between EPS and EPF is the contribution rate. The EPF contribution rate is 12% of the employee’s basic salary and dearness allowance, whereas the EPS contribution rate is 8.33% of the employer’s contribution towards the scheme, subject to a maximum limit of ₹ 1,250 per month.

It is important to note that the EPF and EPS schemes are interdependent, and the benefits under one scheme may be linked. For example, an employee may be eligible to receive a pension benefit under the EPS scheme only if they have completed a certain period of service and have contributed towards the scheme for a specified duration.

EDLI Contribution

The Employees’ Deposit Linked Insurance (EDLI) scheme is a life insurance scheme for employees under India’s Employees’ Provident Fund. Employers who opt for the EDLI scheme need to contribute 0.5% of the employee’s basic salary and dearness allowance towards the scheme, subject to a maximum limit of ₹ 75 per month.

The EDLI scheme is optional for employers who provide life insurance benefits to their employees through a separate scheme. However, if an employer opts for the EDLI scheme, they must contribute towards the scheme for all their eligible employees, as per the above mentioned contribution rate.

EDLI Contribution Rate

The Employees’ Deposit Linked Insurance (EDLI) scheme is an employee life insurance scheme under India’s Employees’ Provident Fund. The contribution rate for the EDLI scheme is 0.5% of the employee’s basic salary and dearness allowance, subject to a maximum limit of ₹ 75 per month.

It is important to note that the EDLI scheme is optional for employers who provide life insurance benefits to their employees through a separate scheme. However, if an employer chooses to opt for the EDLI scheme, they must contribute towards the scheme for all their eligible employees, as per the above mentioned contribution rate. The EDLI scheme provides life insurance benefits to the employee’s nominees in case of their unfortunate demise during employment.

What is EDLI Contribution to PF?

The Employees’ Deposit Linked Insurance (EDLI) scheme is an insurance scheme for employees covered under the Employees’ Provident Fund in India. Under this scheme, employers who choose to opt for it need to make contributions towards the scheme on behalf of their eligible employees.

The contribution rate for the EDLI scheme is 0.5% of the employee’s basic salary and dearness allowance, subject to a maximum limit of Rs. 75 per month. The employer is responsible for making these contributions towards the EDLI scheme for all their eligible employees.

EDLI Employer Contribution

EDLI stands for Employee’s Deposit Linked Insurance Scheme. It’s a life insurance policy provided to an organisation’s employees. The policy is linked to the employee’s Provident Fund account and aims to provide financial security to the employee’s family in case of their unfortunate demise.

Now, coming to the EDLI employer contribution. As per the scheme’s rules, the employer must contribute 0.5% of the employee’s monthly basic wages towards the EDLI scheme. This contribution is made by the employer directly to the Employee Provident Fund Organisation on behalf of the employee.

The employer’s contribution towards EDLI is mandatory as per the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. This ensures that the employee’s family is provided with financial support in case of their untimely death.

In addition to the employer’s contribution, the employee can also contribute towards the EDLI scheme. This can be done by filling up a form and submitting it to the employer with the required documents.

EDLI Claim Procedure

The Employees’ Deposit Linked Insurance (EDLI) scheme in India provides life insurance benefits to employees covered under the Employees’ Provident Fund in case of their unfortunate demise during the period of employment. Here is the claim procedure for EDLI:

1. The nominee or legal heir of the deceased employee should obtain the Form 5(IF) from the employer
2. The nominee or legal heir should fill out the form and submit it along with the death certificate of the employee to the concerned Employee Provident Fund office
3. The employee provident fund office will verify the claim documents and process the claim
4. The claim amount will be directly credited to the nominee’s or legal heir’s bank account.

It is important to note that the claim should be made within one year of the employee’s demise, and the nominee or legal heir should ensure that all the necessary documents are submitted for smooth processing of the claim.

Who is Eligible for EDLI?

The Employees’ Deposit Linked Insurance (EDLI) scheme in India is a group life insurance scheme that provides insurance benefits to employees who are covered under the Employees’ Provident Fund. Here are the eligibility criteria for EDLI:

1. All employees who are members of the EPF are eligible for EDLI benefits.
2. The scheme covers employees who have completed at least one year of continuous service with the employer.
3. Employees who are not members of the EPF or who have not completed one year of continuous service with the employer are not eligible for EDLI benefits.
4. The scheme covers both permanent and temporary employees.
5. The employer can choose to opt for EDLI benefits for their eligible employees by making the necessary contributions towards the scheme.

It is important to note that the EDLI scheme is optional for employers and is subject to certain conditions and eligibility criteria.

Benefits of EDLI Scheme

The Employees’ Deposit Linked Insurance (EDLI) scheme in India is a group life insurance scheme that provides several benefits to employees who are covered under the Employees’ Provident Fund. Here are some of the benefits of the EDLI scheme:

1. Financial security: The EDLI scheme provides financial security to the family members of the deceased employee in case of his/her unfortunate demise during the period of employment.
2. Life insurance benefit: The EDLI scheme provides life insurance benefits to the nominee or legal heir of the deceased employee. The amount of insurance benefit is based on the average balance in the employee’s provident fund account during the 12 months preceding his/her demise.
3. No additional cost to employees: The EDLI scheme is funded by the employer and there is no additional cost to the employees.
4. No medical check-up required: Unlike other life insurance schemes, the EDLI scheme does not require any medical check-up or documentation.
5. Simplified claim procedure: The claim procedure for the EDLI scheme is simple and straightforward, and the claim amount is directly credited to the nominee’s or legal heir’s bank account.

Overall, the EDLI scheme provides a valuable benefit to employees and their families by providing financial security and life insurance benefits in case of the employee’s unfortunate demise.

UPSC EPFO APFC

The Union Public Service Commission (UPSC) administers the Exam for the purpose of selecting officers for the role of Assistant Provident Fund Commissioner in the Employees’ Provident Fund Organisation, which falls under the purview of the Ministry of Labour and Employment. Applicants who hold a degree in law, management, or a related field are eligible to apply.

Exam Authority	Union Public Service Commission
Post Name	Enforcement Officer (EO)/ Accounts Officer (AO) and Assistant Provident Fund Commissioner (APFC)
UPSC APFC Vacancies	577
Application Mode	Online
Online Registration	25th February to 17th March 2023
Job Location	Across India
Selection Process	Written Test Interview/Personality Test
Language	English and Hindi
Official website	www.upsc.gov.in

 

UPSC EPFO Recruitment 2023 Apply Online

Announcing the dates for online registration for the recruitment of UPSC EPFO Enforcement Officer & Assistant Provident Fund Commissioner. 

Those who were eligible and interested in taking the Exam had to submit their online registration form between 25th February and 17th March 2023. The direct link for the UPSC Online Form was active at www.upsc.gov.in, and all candidates were required to apply online for the UPSC 2023 exam by 17th March 2023. The exam dates will be announced soon on the official website.

UPSC EPFO APSC Syllabus and Exam Pattern 2023

It is essential to be familiar with the UPSC APFC Syllabus and Exam Pattern to prepare effectively for the upcoming UPSC exam. The following table briefly overviews the UPSC APFC Syllabus and Exam Pattern.

Recruitment Body	Union Public Service Commission
Posts	Assistant Provident Fund Commissioner in EPFO
Category	Syllabus
Exam Level	Central Government
Mode of Exam	Online
Negative Marking Scheme	⅓rd mark for each wrong answer
Exam Duration	02 hours
Mode of Exam	English & Hindi
Selection Process	Written Test Interview/Personality Test
Official Website	www.upsc.gov.in

 

Exam Pattern 2023: The written exam for UPSC EPFO APFC is objective and consists of multiple-choice questions. The exam is two hours long, 300 marks and can be taken in either English or Hindi. Negative marking applies; for every incorrect answer, 1/3rd of a mark will be deducted.

Section A	General English
Section B	Indian Culture, Heritage and Freedom Movements, and Current Events
	Population, Development, and Globalisation
	Governance and Constitution of India
	Present Trends in Indian Economy
	Accounting and Auditing, Industrial Relations, Labor Laws, Insurance
	Basic knowledge of Computer applications, General Science
	Elementary Mathematics, Statistics, and General Mental Ability
	Social Security in India

 

UPSC EPFO Latest Job 2023 Eligibility Criteria

Below are the eligibility criteria for UPSC EPFO recruitment 2023, which include specific qualifications and age limits. Meeting these criteria is mandatory for those interested in applying for the examination or filling out the application form.

UPSC EPFO Qualification 2023:

• Graduate or equivalent degree from a recognised board or institution is required
• More qualification details can be found in the PDF.

UPSC EPFO Age Limit 2023:

• For the EO post, the minimum age limit is 18, and the maximum is 30
• For the PAC post, the minimum age requirement is 18 years, and the maximum is 35 years
• Age relaxation details can be checked in the notification PDF
• Calculation of age will be from 17 March 2023.

EPFO Login Portal

PF Passbook Balance Check Online New Update 2023 

As of 2023, the Employees’ Provident Fund Organisation provides an online facility for checking the PF passbook balance of its members. This facility can be accessed through the member login by registering and logging in with the required credentials.

Once logged in, members can view their PF passbook, which contains details of their contributions and balances in their EPF, EPS, and EDLI accounts. The passbook is updated periodically, usually on a monthly basis, to reflect the latest contributions and interest earned.

This online facility provides a convenient and transparent way for members to track their PF balance and ensure that their contributions are being credited accurately.

How to View EPF Passbook Online?

To view the EPF passbook online, follow these steps:

Step1: Visit UAN login at https://unifiedportal-mem.epfindia.gov.in/memberinterface/

Step 2: Log in using your UAN (Universal Account Number) and password. If you have not registered yet, click on the ‘Activate UAN‘ option and follow the instructions to activate your UAN

Step 3: Once you are logged in, click on the ‘View‘ option next to the ‘Passbook’ option on the menu bar

Step 4: Select the financial year and the member ID for which you want to view the passbook

Step 5: Your passbook will be displayed on the screen, showing details of your contributions and balance in the EPF, EPS, and EDLI accounts.

How Can I Check My EPF Balance?

You can check your EPF balance online by following these steps:

Step 1: Visit the UAN login at https://unifiedportal-mem.epfindia.gov.in/memberinterface/

Step 2: Log in using your UAN (Universal Account Number) and password. If you have not registered yet, click on the ‘Activate UAN‘ option and follow the instructions to activate your UAN

Step 3: Once you are logged in, click on the ‘View‘ option next to the ‘Passbook‘ option on the menu bar

Step 4: Your passbook will be displayed on the screen, showing details of your contributions and balance in the EPF, EPS, and EDLI accounts.

Alternatively, you can check your EPF balance via SMS via SMS to 7738299899 from your registered mobile number. The message format should be EPFOHO UAN ENG, where ENG is the preferred language (English, Hindi, or any other Indian language). You will receive an SMS with your EPF balance details.

PF Withdrawal Process Online 2023

To withdraw PF online in 2023, follow these steps:

Step 1: Log in using your UAN and password.

Step 2: Click on the ‘Online Services‘ tab and select ‘Claim (Form-31, 19, 10C)’.

Step 3: Enter your bank account details and click on ‘Verify‘.

Step 4: Select the type of withdrawal you want to make, that is., partial withdrawal or full withdrawal.

Step 5: Fill in the required details and upload the necessary documents.

Step 6: Submit your claim and note down the claim reference number for future reference.

Once your claim is processed and approved by the provident fund organisation, the withdrawn amount will be credited to your bank account.

EPFO Forms: 

They offers various benefits to its members, including EPF, EPS, and EDLI. However, to access these benefits, a member must use specific forms for specific purposes when communicating with the provident fund organisation. Here is a list of EPF forms and their respective uses.

EPF Form 10C: It is used for withdrawing the pension corpus accumulated in the member’s EPS account. This form can be filled out online through the EPF Member Login or offline. It is important to note that the pension can only be withdrawn if the service period is less than ten years. This form is also used to obtain the EPS Scheme Certificate, which transfers your EPS balance from one employer to another.

EPF Form 31: It is utilised to withdraw funds from the EPF account partially. Depending on the purpose and years of service in the formal sector, an employee can withdraw funds from their corpus. This form can be completed offline or online through the EPF Member Login.

EPF Form 10D: It must be completed by a member to avail of pension benefits. The member becomes eligible for a pension after completing ten years of service in the formal sector. The pensioner completes this form at the time of retirement.

EPF Form 14: It is the application for financing a Life Insurance Corporation (LIC) policy from the Provident Fund account. This means that LIC premiums can be paid from the EPF account. The applicant must complete this form, get it attested by their employer, and submit it to the EPF Commissioner.

EPF Form 13: It must be completed by a member of Employees’ Provident Fund for transferring their old EPF account to their new PF account. However, this form has been included in the Composite Claim Form, which allows for direct account transfer when switching jobs.

EPF Form 19: The members can request for the Final Settlement of their old EPF accounts by completing Form 19. This form is available online, through the EPF Member Login, and offline. The form allows the member to select their preferred remittance methods, such as payment by cheque or ECS.

EPF Form 20: It is intended for the nominees or heirs of a deceased member, who can use this form to claim the final settlement of the EPF account. If the nominee is minor or lunatic, their guardian must complete the form. The money can be remitted directly to the beneficiary’s bank account or through a money order.

EPF Form 2: Members can complete Form 2 to declare and nominate their EPF and EPS accounts. This form can be filled out any number of times and must be completed after the member’s marriage. Form 2 is available both online and offline.

EPF Form 5(IF): It is used to claim insurance benefits under the Employees’ Deposit Linked Insurance Scheme (EDLI) of 1976, in the event of the member’s death while in service. If the beneficiary is a minor, their guardian must complete the form. The form must be attested by the employer or a gazetted officer.

EPF Form 15G: To save tax on the interest earned from EPF or when withdrawing the EPF corpus before completing 5 years of service (and the amount is more than ₹ 50,000), members must submit Form 15G. Senior citizens must submit Form 15H instead of Form 15G.

EPFO Online Services

It offers a range of online services to its members, which includes:

1. UAN Activation: Members can activate their Universal Account Number (UAN) on the provident fund organisation member portal.
2. KYC Updation: Members can update their Know Your Customer (KYC) details such as Aadhaar, PAN, and bank account number.
3. View EPF Passbook: Members can view and download their EPF passbook online, which contains details of their contributions and balance.
4. PF Withdrawal: Members can apply for PF withdrawal online using their UAN and bank account details.
5. Transfer of PF: Members can transfer their PF balance from one account to another using the Employees’ Provident Fund member portal.
6. Online Grievance Registration: Members can register their grievances related to EPF online and track the status of their complaints.
7. Pensioner’s Portal: Pensioners can avail of online services related to their pension account, such as pension payment details and grievance registration.

EPFO Member Services Portal

The member services portal is an online platform provided by the Employees’ Provident Fund organisation for its members. It allows members to access their provident fund account details, such as balance, contributions, and transactions, online. 

Members can also update their personal information, including contact and nomination details, and download their passbook. The epfo login also provides various other services such as filing a claim, tracking claims status and registering grievances. Members can access the portal through the website and register with their Universal Account Number (UAN).

EPFO PAN Card Update

It is important to keep your PAN card details up-to-date with the Employees’ Provident Fund Organisation as it is a mandatory requirement for all provident fund members. To update your PAN card details with Organisation, you can log in to the member portal using your Universal Account Number (UAN) and password. 

Once logged in, you can go to the ‘Manage‘ section and click on ‘KYC‘ to update your PAN card details. You must upload a scanned PAN card copy and provide the required details. The details will be verified by Organisation and once approved, your PAN card details will be updated in your EPF account.

How to Transfer Old PF to New PF Account | Withdraw Old PF Balance?

If you have switched jobs and have a new PF account, you can transfer the balance from your old account to the new one through the following steps:

Step 1	Login with your UAN and password.
Step 2	Click on the ‘One Member – One EPF Account‘ option under the ‘Online Services‘ tab.
Step 3	Verify your personal and employment details
Step 4	Select the previous employer’s PF account and initiate the transfer request.
Step 5	Your new employer will need to approve the transfer request.

 

Alternatively, suppose you want to withdraw your old PF balance. In that case, you can do so through the following steps:

Step 1	Login with your UAN and password
Step 2	Click on the ‘Claim (Form-31, 19 & 10C)‘ option under the ‘Online Services‘ tab
Step 3	Enter the details of your previous employment and verify your personal details
Step 4	Choose the type of claim you wish to make – full withdrawal, partial withdrawal or pension withdrawal
Step 5	Enter your bank account details and submit the application
Step 6	Your employer will need to approve the withdrawal request.

 

How to Solve PF Claim Error 2023 | PF Bank KYC Invalid Verification Failed

If you are facing PF claim errors like ‘PF bank KYC invalid verification failed’ in 2023, there are a few steps you can follow to resolve them. Firstly, make sure that all the details you have provided for KYC verification are accurate and match the records. If you are still facing issues, try updating your KYC details and ensure that they are verified by your employer. You can also check your bank details to ensure that they are correct and up-to-date. If the issue persists, you can contact the helpdesk for further assistance.

EPFO EDLI Online Calculator New Update

The Employee’s Provident Fund Organisation recently launched an online calculator for the Employees Deposit Linked Insurance (EDLI) scheme. The new update to this online calculator provides more accurate calculations for the insurance amount that employees are eligible for under the scheme.

The EDLI scheme provides life insurance coverage to employees who are members of the Employees’ Provident Fund. The insurance coverage is based on the employee’s salary and the amount of money in their EPF account. The new online calculator takes into account the employee’s average salary and the total amount of their EPF contribution over the last 12 months to calculate the insurance amount.

To use the EDLI online calculator, employees need to enter their basic salary, dearness allowance, and EPF contribution details for the last 12 months. Once the required information is entered, the calculator will display the insurance coverage amount that the employee is eligible for under the scheme.

This new update to the EDLI online calculator will be beneficial for both employees and employers. Employees will be able to get a more accurate estimate of the insurance coverage they are eligible for, and employers will be able to accurately calculate the contribution they need to make towards the scheme.

How to Change Date of Birth on EPFO Login?

If you need to change the date of birth on your Employees’ Provident Fund Login, you can do so by following these steps:

Step 1: Log in to the EPFO’s member portal using your UAN and password

Step 2: Click on the ‘Manage‘ option in the top menu and select ‘Modify Basic Details‘

Step 3: Verify your existing details and enter the corrected date of birth

Step 4: Click on the ‘Update Details‘ button and sign the declaration

Step 5: Click on the ‘Submit‘ button to complete the process.

After submitting the updated information, your employer will need to approve the changes. Once approved, the updated date of birth will reflect on your member login.

How to Change EPFO Password?

You can change your Employee Provident Fund password by following these simple steps:

Step 1: Visit the EPFO’s Member Portal and click on the ‘Forgot Password‘ option.

Step 2: Enter your UAN (Universal Account Number) and captcha code.

Step 3: Click on the ‘Verify‘ button.

Step 4: You will receive an OTP (One-Time Password) on your registered mobile number.

Step 5: Enter the OTP and click on the ‘Verify OTP‘ button.

Step 6: Once the OTP is verified, you will be redirected to the password reset page.

Step 7: Enter your new password, confirm the password and click on the ‘Submit‘ button.

How to Merge Two or more EPFO Accounts?

If you have multiple Employees’ Provident Fund accounts, you can merge them online by following these steps:

Step 1: Visit the Employees’ Provident Fund member portal and log in using your Universal Account Number (UAN) and password.

Step 2: Go to the ‘Online Services‘ tab and select ‘One Employee – One EPF Account (Transfer Request)’ from the drop-down menu.

Step 3: Verify your personal and employment details, and select the old EPF account that you want to merge.

Step 4: Click on ‘Get OTP‘ and enter the OTP received on your registered mobile number.

Step 5: Click on ‘Submit’ and the request for account transfer will be sent to your previous employer for approval.

Step 6: Once your employer approves the request, your old EPF account balance will be transferred to your current EPF account.

It is important to ensure that your personal and employment details are updated and accurate in both EPF accounts to avoid any errors during the transfer process.

There’s more to learn about how to merge two or more Employees’ Provident Fund accounts, click here to read about it.

Can We Transfer PF From Trust to EPFO Online

It’s not possible to transfer PF from a trust to EPFO online. Such transfers require the involvement of the respective employers and trustees, and the process involves submitting physical documents to the office. 

It has laid out guidelines and processes for such transfers, and employees should approach their employers for assistance with the transfer process. It is important to note that the transfer of PF from a trust may involve different rules and timelines, and employees should be aware of these before initiating the transfer process. Click here to read more about it.

EPS Nomination in EPF

EPS nomination in EPF refers to the process of nominating a beneficiary who will receive the pension benefits in the event of the member’s death. Under the Employee Pension Scheme (EPS), members can nominate their spouse, children or dependent parents to receive the pension. 

The nomination can be made online through the member login or by submitting a physical nomination form to the office. It is important to keep the nomination up to date and make changes as needed to ensure that the right person receives the benefits. Click here to read more about it.

EPF Registration for Employers

Employee Provident Fund is a mandatory savings scheme for employees in India, and employers are responsible for registering their eligible employees under this scheme. The registration process for employers involves obtaining a unique Establishment ID number from the Employees’ Provident Fund Organisation and submitting relevant documents such as proof of identity, address, and bank account details. 

Employers must also regularly deposit their contributions to their employees’ provident fund accounts and ensure compliance with EPF regulations. They provide an online portal for employers to register and manage their employees’ provident fund accounts, making the process more streamlined and convenient.

Here is a step by step guide for EPF Registration for Employers.

PF vs ESI

Check out the below video to know more about PF and ESI

Here is a registration link for PF and ESI

• PF REGISTRATION
• ESI REGISTRATION

EPF Calculator

If you’re curious about how much money you can expect to receive upon retirement or when you withdraw your EPF account, an EPF calculator can come in handy. This nifty tool takes into account factors such as your basic salary, the EPF contribution rate, and the number of years you’ve been contributing to the EPF, to give you an estimated amount.

 

By using the EPF Calculator Online , you can plan your finances better and make informed decisions. It’s a great way to get a clear idea of your retirement savings, and take charge of your financial future

 

How to Calculate EPF in Excel Sheets?

Step 1: Open a new Excel sheet and create columns for basic salary, employee contribution, employer contribution, and total contribution

Step 2: Enter the basic salary of the employee in the first row of the basic salary column

Step 3: Calculate the employee contribution by multiplying the basic salary by the employee contribution rate (currently 12%) and enter the result in the corresponding row of the employee contribution column

Step 4: Calculate the employer contribution by multiplying the basic salary by the employer contribution rate (currently 12%) and enter the result in the corresponding row of the employer contribution column

Step 5: Calculate the total contribution by adding the employee contribution and employer contribution for each row and enter the result in the corresponding row of the total contribution column

Step 6: Repeat steps 2-5 for each employee

Step 7: Use the SUM function to calculate the total employee contribution, total employer contribution, and total contribution for all employees

Step 8: You can also use the IF function to calculate the employee and employer contribution for different salary brackets or for employees with different contribution rates.

Once you have completed these steps, you will have an Excel sheet that can be used to calculate provident fund contributions for your employees.

How to Check EPF Nominee Online

If you are an employee in the United Kingdom and contributing towards the Employees’ Provident Fund, it is essential to keep your nomination details up-to-date. The nomination is the process of identifying someone who will receive the accumulated funds from your EPF account in the event of your untimely death.

If you want to check your EPF nominee online, follow these simple steps:

1. Visit the official website of the Employees’ Provident Fund Organisation at www.epfindia.gov.in.
2. Click on the ‘For Employees‘ option available on the homepage
3. On the next page, click on the ‘Services‘ option and select ‘Member UAN/Online Services‘
4. You will be redirected to a new page where you will need to log in using your Universal Account Number (UAN) and password
5. After logging in, click on the ‘Manage‘ tab, and select ‘Modify Basic Details’
6. On the next page, scroll down to the ‘Family Details’ section and click on the ‘Add Family Details’ option
7. Fill in the details of your nominee, such as name, relationship, date of birth, and address
8. Once you have entered all the necessary details, click on the ‘Save’ button to confirm your nominee
9. You can view your nominated person’s details under the ‘Family Details’ section.

It is crucial to note that you can add only one nominee at a time. If you want to make changes to your nomination details, you can follow the same steps mentioned above and make the necessary changes.

Checking your EPF nominee online is a simple process, and you must keep your nomination details up-to-date to ensure that your family members or loved ones receive the benefits in case of your unfortunate demise.

How to Find an EPF Account Number?

To find your EPF account number, you can follow these steps:

Step 1: Check your payslip: Your EPF account number is usually mentioned on your monthly payslip. Look for a section that mentions EPF or provident fund

Step 2: Contact your employer: You can also contact your employer’s HR or accounts department to ask for your EPF account number

Step 3: Check your UAN: Your Universal Account Number (UAN) is a unique 12-digit number assigned to you by the Employees’ Provident Fund. You can log in to the member portal with your UAN and password to view your EPF account number

Step 4: Check your passbook: They provide an online passbook facility where you can view your EPF balance and other details. Your EPF account number is mentioned on the passbook.

Here is a simple ways to find out the EPF Account Number

What Is Form 15G in EPF?

Form 15G is a declaration form that can be submitted by an individual to their employer or the EPF authorities to claim exemption from TDS (tax deducted at source) on their EPF withdrawals. This form is mainly used by those individuals whose income is below the taxable limit and who are not required to pay income tax. 

By submitting this form, the individual declares that their income is below the taxable limit and they are not liable to pay tax on their EPF withdrawals. If the EPF authorities find that the individual is eligible, they will not deduct any TDS on the EPF withdrawal. Click here to read more about it.

You can use our TDS Calculator Online to calculate your TDS amount. This tool will help your tax savings on salary, property, rent, etc

How Do You Register Your Company for EPF?

To register a company for EPF in India, the following steps can be followed:

Step 1: Obtain the Employer Registration Form (Form-5A) from the nearest office or download it from the website

Step 2: Fill in the required details in the form, including company name, address, type of industry, number of employees, PAN card details, bank account details, etc

Step 3: Submit the filled form along with the required documents, such as PAN card copy, proof of address, bank account details, and other relevant documents.

Step 4: After the verification process, the Employee Provident Fund office will provide a registration number and issue a certificate of registration

Step 5: The employer can then start making contributions to the EPF scheme on behalf of their employees.

Which is Better – EPF or NPS?

EPS and NPS are two different metrics used to measure the performance of companies. EPS stands for Earnings Per Share, which is a financial metric that represents the portion of a company’s profit that is allocated to each outstanding share of common stock. NPS, on the other hand, stands for Net Promoter Score, which is a customer loyalty metric that measures how likely customers are to recommend a company’s products or services to others.

It’s difficult to say which metric is ‘better’ as they serve different purposes and are not directly comparable. EPS is primarily used by investors and analysts to evaluate a company’s financial performance and profitability. A higher EPS indicates that a company is generating more profit per share, which can be a positive sign for investors.

NPS, on the other hand, is primarily used by companies to measure customer satisfaction and loyalty. A higher NPS indicates that customers are more likely to recommend the company’s products or services to others, which can be an indicator of future growth and success.

EPS and NPS are important metrics in their respective fields and serve different purposes. It’s important to understand the context in which each metric is used and to evaluate them accordingly.

Here is a easy guide to know about which is better EPS or NPS

UAN

It is a unique 12-digit number that is assigned to every employee who contributes to the EPF scheme. The UAN number acts as a single identifier for all the member IDs allotted to an individual. It helps in linking multiple EPF accounts and makes it easier to access EPF information and services online.

What is a UAN Number?

The UAN number is a unique identification number assigned to every employee who is registered with the EPF scheme. It is allotted by the Employee Provident Fund and acts as a single identifier for all the member IDs allotted to an individual. The UAN number helps in linking multiple EPF accounts and makes it easier to access EPF information and services online.

How to Check Universal Account Number?

Employees can check their Universal Account Number (UAN) by visiting the employee provident fund website and clicking on the ‘Know Your UAN’ option. They will be required to provide their personal details such as their name, date of birth, and mobile number, following which their UAN will be displayed on the screen.

Check UAN Login Number in Various Ways

If you are an employee and contributing towards the Employee Provident Fund, then you must have a Universal Account Number (UAN) assigned to you. The UAN is a unique 12-digit number that is allocated to every member of the EPF scheme. 

The UAN makes it easy to access and manage the EPF account online. In this article, we will discuss three ways to check your UAN number.

1. Check UAN Login from the EPFO Member Portal: It is a platform that allows employees to access their EPF account online. To check your UAN number, you can follow the steps below:

• Step 1: Go to the EPFO Member Portal website (https://unifiedportal-mem.epfindia.gov.in/memberinterface/)
• Step 2: Click on the ‘Know Your UAN‘ option on the homepage
• Step 3: Enter your details such as Aadhaar, PAN, or Member ID
• Step 4: Click on ‘Get Authorisation Pin‘ and enter the Pin received on your registered mobile number
• Step 5: Your UAN number will be displayed on the screen.

2. Check Universal Account Number by Mobile: The EPFO has launched a missed call service that allows employees to check their UAN number by giving a missed call from their registered mobile number. Here’s how you can do it:

• Step 1: Give a missed call to 011-22901406 from your registered mobile number
• Step 2: After a few rings, the call will get disconnected automatically
• Step 3: You will receive an SMS containing your UAN number.

3. Check Universal Account Number with Aadhaar Card: You can also check your UAN number with your Aadhaar card. Here are the steps:

• Step 1: Visit the official EPFO Login website (https://www.epfindia.gov.in/site_en/index.php)
• Step 2: Click on the ‘Online Services‘ option and select ‘eKYC Portal‘
• Step 3: Enter your Aadhaar number and click on ‘Generate OTP‘
• Step 4: Enter the OTP received on your registered mobile number and click on ‘Submit’
• Step 5: Your UAN number will be displayed on the screen.

In conclusion, these are the three ways to check your UAN number. You can choose any method that is convenient for you. The UAN number is essential for accessing your EPF account online, and you must keep it safe and secure.

Advantages of Universal Account Number

The Universal Account Number (UAN) has several advantages, such as:

1. It helps in linking multiple EPF accounts of an individual, which makes it easier to access EPF information and services online
2. With UAN Login, employees can easily transfer their PF balances online from one account to another
3. It makes it easier for employees to track their EPF balances, download their PF passbooks, and check the status of their EPF claims
4. The UAN number is portable, which means that it remains the same even if the employee changes their job.

How to Generate Universal Account Number?

The Universal Account Number (UAN) is generated by the employee provident fund when an employer registers the employee for the EPF scheme. The UAN number is printed on the employee’s salary slip, and the employee can also check it on the website. 

In case an employee has not been allotted a UAN number, they can request their employer to generate it for them. Once the UAN is generated, the employee can activate their UAN and link their EPF accounts using the member portal.

Documents Required to Generate Universal Account Number

 If you are an employee in India, it is mandatory for you to have a Universal Account Number (UAN) to access the services provided by the Employees’ Provident Fund Organisation. 

The UAN is a 12-digit unique identification number assigned to every member. The UAN remains the same throughout the employee’s career, irrespective of whether they change their job or employer.

To generate a UAN, you need to provide certain documents and information to the Employees’ Provident Fund. Here are the documents required to generate a Universal Account Number:

1. Aadhaar card
2. PAN card
3. Bank account details
4. Date of birth
5. Mobile number
6. Email ID
7. Address proof

UAN Number Activation New Rules 2023

In 2023, they introduced new rules for activating Universal Account Numbers (UANs) for EPF accounts. The UAN is a unique number assigned to each EPF account holder to help manage their EPF accounts efficiently. With the new rules, activating a UAN for an EPF account will become a simpler process for employees.

One of the new rules introduced by the EPF is the provision of a self-generated UAN. Under this rule, employees can generate their own UAN by visiting the official website and providing their Aadhaar number, PAN number, and other relevant details. This rule is particularly beneficial for employees who do not have a UAN yet, as they can generate one themselves without having to approach their employer.

Another significant change in the UAN activation process is the mandatory linking of Aadhaar and PAN with the UAN. With this new rule, employees must link their Aadhaar and PAN with their UAN for successful UAN activation. This linking helps the provident fund to verify an employee’s identity and reduces the chances of fraudulent activities.

In addition to these new rules, they have also introduced a new mobile application to facilitate the activation of UANs. The mobile application will allow employees to generate and activate their UANs using their smartphones. With this feature, employees can activate their UANs on the go, without having to visit an EPF office or their employer.

How to Find UAN Number Online 2023 

The Universal Account Number (UAN) is a unique identification number allotted to every employee contributing to the Employee Provident Fund in India. 

It is an important number that helps track an individual’s EPF contributions and provides easy access to EPF services online. If you are an employee who has contributed to the EPF but does not know your UAN, you can easily find it online by following the steps mentioned below.

Step 1: Visit the EPFO website

The first step is to visit the official website of the EPFO Login at https://www.epfindia.gov.in/. Once you are on the homepage, you will see a section titled ‘For Employees‘ on the right-hand side of the page.

Step 2: Click on ‘Our Services’

Under the ‘For Employees’ section, click on ‘Our Services‘. A drop-down menu will appear. Select ‘For Employees Member UAN/Online Services‘ from the list.

Step 3: Click on ‘Know Your UAN Status

On the next page, you will see several options related to the UAN. Under the ‘Important Links’ section, click on ‘Know Your UAN Status’.

Step 4: Enter your details

You will be redirected to a new page where you will be required to enter your personal details such as your name, date of birth, mobile number, and email address. Once you have filled in the details, click on ‘Get Authorisation Pin’ to receive an OTP on your registered mobile number.

Step 5: Enter OTP and verify

After you receive the OTP, enter it in the given field and click on ‘Submit’. Your details will be verified, and if everything is correct, you will receive your UAN on your registered mobile number and email address.

Alternatively, if you already know your EPF account number, you can find your UAN on the website by clicking on ‘Activate UAN‘ under the ‘Important Links’ section and then enter your EPF account number and personal details.

How to Activate EPFO UAN

To activate the UAN, you can follow the steps below:

Step 1: Visit the UAN Login at https://unifiedportal-mem.epfindia.gov.in/memberinterface/

Step 2: Click on the ‘Activate UAN‘ option located under the ‘Important Links’ section.

Step 3: Enter your UAN, PF member ID, Aadhaar, Name, Date of Birth, Mobile No and Captcha

Step 4: Click on ‘Get Authorisation Pin‘ and enter the authorization PIN sent to your mobile number.

Step 5: Create a new password and submit the details to activate your UAN.

Difference Between UAN and PF Number

The main difference between UAN and PF numbers is that while the PF number is assigned by the employer for a specific job, the UAN is a unique identification number that stays with the employee for their entire career. 

The UAN allows employees to easily manage their EPF accounts, transfer funds, view balance statements, and update personal details. Additionally, the UAN links all of the EPF accounts of an employee under a single umbrella, making it easier to keep track of their savings.

EPFO Mobile App

Employees’ Provident Fund has launched a mobile app called Umang, which allows users to access a range of services from their mobile devices. Here are some details about the app:

UMANG Mobile App 

The Umang app is a one-stop shop for accessing a range of government services, including provident fund services. The app is available for free download on the Google Play Store and Apple App Store.

How to Use UMANG Mobile App: 

To use the Umang app, users need to register and create an account. Once registered, they can access a range of employee provident fund services, including checking their PF account balance, updating their KYC details, and withdrawing their PF balance.

How to Withdraw the Full PF Amount online using UMANG App?

To withdraw the full PF amount online using the Umang app, users need to follow the below steps:

Step 1: Open the Umang app and log in using your credentials

Step 2: Click on the EPFO option from the list of services

Step 3: Select the ‘Employee Centric Services‘ option

Step 4: Click on ‘Raise Claim‘ from the list of options

Step 5: Select the ‘PF Withdrawal‘ option and fill in the required details

Step 6: Upload the relevant documents and submit the application

Once the application is processed, the full PF amount will be credited to the user’s bank account.

How to Check and Download PF Details From Umang Mobile App 

The Umang Mobile App is an integrated platform that provides access to various government services. One of the services offered by the app is the ability to access and download Provident Fund (PF) details for members. If you are a member of a PF account, you can use the Umang Mobile App to check your PF balance, view your contributions, and download your PF passbook. Here’s how to do it:

Step 1: Download and Install the Umang Mobile App

Firstly, you need to download and install the Umang Mobile App from the Google Play Store or Apple App Store on your mobile device.

Step 2: Register and Login

Once you have installed the app, you need to register with your mobile number and set a password. After that, you can log in to the app using your registered mobile number and password.

Step 3: Search for PF Services

After logging in, you need to search for the PF services option in the app. You can easily find it by typing ‘PF’ in the search bar on the app’s homepage.

Step 4: Select the Employees’ Provident Fund Option

Next, you need to select the Employees’ Provident Fund option from the list of services available.

Step 5: Enter your PF Details

Now, you need to enter your PF account details, including your Universal Account Number (UAN), which is a unique identifier assigned to you by the Provident Fund Organisation. You also need to enter your registered mobile number and the state where your PF account is located.

Step 6: Access your PF Details

Once you have entered your details, you will be able to access your PF account details, including your balance, contributions, and passbook.

Step 7: Download your PF Passbook

If you want to download your PF passbook, you can do so by clicking on the ‘Download Passbook’ option on the app. Your passbook will be downloaded in PDF format and can be accessed on your device.

How to check PF account balance in Mobile 

Users can check their PF account balance on the Umang app by following the below steps:

Step 1: Open the Umang app and log in using your credentials

Step 2: Click on the EPFO option from the list of services

Step 3: Select the ‘Employee Centric Services‘ option

Step 4: Click on ‘View Passbook‘ from the list of options

Step 5: Enter your UAN and registered mobile number

Step 6: OTP will be generated on your registered mobile number

Step 7: After OTP verification, you can see your PF account balance on the screen

Online Services Offered by Employees’ Provident Fund

The Employees’ Provident Fund Organisation offers several online services to its members for easy access and convenience. These services include:

Member e-Sewa 

This is a web-based service that allows EPF members to access their account details, including balance, contributions, and withdrawals. Members can also download their passbook, view their claim status, and update their KYC details.

Unified Portal 

The Unified Portal is a one-stop shop for all EPF-related services. Members can register, activate their UAN, and link their Aadhaar, PAN, and bank details to their EPF accounts. They can also make online withdrawals and transfers, apply for loans, and view their PF balance and claim status.

UAN (Universal Account Number) Services 

The UAN is a unique 12-digit number allotted to EPF members, which enables them to access all their PF-related information in one place. Members can use their UAN to view their passbooks, apply for withdrawals, and transfer their PF balance online.

EPFiGMS (EPF Grievance Management System)

It is an online platform launched by the Employees’ Provident Fund Organisation to facilitate the redressal of grievances related to the Employees’ Provident Fund scheme. It is a user-friendly and transparent system that allows employees to raise their concerns and grievances related to their EPF accounts and track the status of their complaints.

EPFiGMS provides a seamless experience for employees who wish to lodge complaints related to their employee accounts. It ensures that the process is simple, quick, and hassle-free. To file a complaint, an employee needs to log in to the EPFiGMS portal using their UAN (Universal Account Number) and password. Once logged in, the employee can submit their complaint by providing the relevant details such as their name, EPF account number, and the nature of the complaint.

EPFO Mobile App 

It is available on Android and iOS and offers a range of services, including access to Member e-Sewa and the Unified Portal. Members can also view their PF account balance, download their passbook, and track their claim status through the app.

Online Claim Submission

Online claim submission is a convenient way for provident fund members to apply for benefits such as provident fund withdrawals, pension claims, and insurance claims. To submit a claim online, members need to log in to the  Unified Portal using their Universal Account Number (UAN) and password. 

Once logged in, they can select the type of claim they want to submit and fill out the necessary details. They will then process the claim and credit the funds to the member’s bank account.

Online Transfer of Funds

The online transfer of funds service allows EPFO members to transfer their provident fund balance from one account to another. This service is particularly useful for members who change jobs frequently and want to consolidate their accounts. 

To transfer funds online, members need to log in to the member Unified Portal and select the ‘One Member – One EPF Account (Transfer Request)’ option under the ‘Online Services’ tab. They will then need to provide details of their current and previous employers and their provident fund account numbers. They will verify the details and transfer the funds to the member’s new account.

EPFO Grievance Redressal Mechanism

The Employees’ Provident Fund Organisation has a robust grievance redressal mechanism in place to ensure that employees and employers can address their concerns and complaints efficiently. This mechanism is accessible to all members, including employees and employers who are part of the EPF scheme.

1. Registering a Grievance: To register a grievance with the Employees’ Provident Fund, visit the employee provident fund member portal and click on the ‘Register Grievance’ tab. Provide the required details, including the nature of the grievance and supporting documents, and submit the complaint
2. Acknowledgment: Once the grievance is registered, they will provide an acknowledgment containing a unique registration number
3. Grievance Resolution: They will investigate the grievance and provide a resolution within the specified time frame. The member will receive an update on the status of their grievance through the member portal or SMS
4. Escalation: If the member is dissatisfied with the resolution provided by the EPFO, they can escalate the matter to the next level
5. Final Resolution: They will provide a final resolution to the grievance, which the member can accept or reject
6. Feedback: After the grievance is resolved, they will seek feedback from the member to improve their services.

The EPFO’s Grievance Redressal Mechanism ensures that members’ grievances are addressed promptly and efficiently, providing a fair and transparent process for dispute resolution.

EPFO Grievance Status Check

It is an online portal that allows users to register and track their grievances related to their EPF account. Once you have registered a grievance, you can check its status by following these steps:

Step 1: Visit the Grievance portal at https://epfigms.gov.in/.

Step 2: Click on the ‘View Status‘ tab located at the top of the page.

Step 3: Enter your grievance registration number and the captcha code.

Step 4: Click on the ‘Submit‘ button.

Step 5: The current status of your grievance will be displayed on the screen.

EPFO Grievance Registration

Step 1: Visit the Grievance portal at https://epfigms.gov.in/ 

Step 2: Click on the ‘Register Grievance‘ tab located at the top of the page

Step 3: Enter your UAN (Universal Account Number), select the state and EPFO office from the drop-down menus, and provide your personal and contact information

Step 4: Provide details about your grievance in the text box provided

Step 5: Attach any relevant documents to support your grievance

Step 6: Review the details and click on the ‘Submit‘ button to register your grievance.

EPFO Grievance Status Closure Proposed

Once the Provident fund office has received and resolved your grievance, you will receive a notification of the proposed closure of the grievance. You can accept or reject the proposed closure of the grievance. If you accept the proposed closure, the grievance will be closed, and you will receive a final resolution.

EPFO Helpline Number

If you need any assistance related to grievance registration, status check, or closure, you can contact the EPFO helpline number at 1800118005 or 011-26715141/142. You can also send an email to mailto:epfigms@epfindia.gov.in for assistance.

EPFO Pension Scheme

The Pension Scheme is a retirement benefits scheme offered by the Employees’ Provident Fund Organisation to provide financial security to employees after retirement. One of the popular options under this scheme is the Employee Provident Fund Higher Pension Scheme 2023.

EPFO Higher Pension Scheme 2023

This Scheme is an option for employees who want to secure their financial future after retirement. By opting for this scheme, you can enjoy higher pension benefits compared to the regular scheme.

Not only that, but the EPS also offers a guaranteed pension, which means that your pension amount won’t change regardless of market conditions. And in case of your unfortunate demise, your spouse can continue to receive the family pension, ensuring financial support for them.

Moreover, if you become disabled due to a job-related injury or illness, the EPS provides a disability pension, which can help you meet your medical expenses and maintain your quality of life.

To sum up, by opting for the EPS, you can secure your financial future and protect your loved ones from financial difficulties. So, if you are a provident fund member, it’s worth considering the EPS option for a more secure future.

EPFO Higher Pension Option Form

To opt for the Higher Pension Scheme 2023, members need to fill out the EPFO Higher Pension Options Form and submit it to the nearest employee provident fund office.

Benefits of EPFO Higher Pension Scheme

The EPS is designed to provide financial security to employees after they retire. Here are some of the benefits of the EPS:

1. Increased pension amount: The EPS provides a higher pension amount compared to the regular scheme. This can help employees meet their financial needs and maintain their standard of living after retirement.
2. Guaranteed pension: The EPS offers a guaranteed pension to its members. This means that the pension amount is fixed and will not change, irrespective of market conditions or other factors.
3. Family pension: In the event of the member’s death, the EPS provides a family pension to their spouse. This can provide financial support to the family and help them meet their expenses.
4. Disability pension: The EPS also provides a disability pension to members who are disabled due to a job-related injury or illness. This can help them meet their medical expenses and maintain their quality of life.
5. Nomination facility: The EPS provides a nomination facility, which allows members to nominate their spouse or dependent children as beneficiaries. This can ensure that their loved ones receive financial support in the event of their death.

Eligibility Criteria for EPFO Higher Pension Scheme

If you’re an employee who is a member of the Employees’ Provident Fund Organisation, you may be eligible to apply for the Higher Pension Scheme (EPS) and enjoy additional benefits.

To be eligible for the EPS, you must meet the following criteria:

1. You must be a member of the EPFO and have contributed to the Employees’ Provident Fund for at least 10 years
2. You must have reached the age of 58 years or completed 10 years of service, whichever is earlier, to avail the benefits of the scheme
3. You must not be a member of any other pension scheme that is run by the central or state government
4. If you are already receiving a monthly pension under the regular scheme, you will not be eligible for the EPS

If you meet these eligibility criteria, you can apply for the EPS and enjoy additional benefits such as a higher pension amount, guaranteed pension, family pension, disability pension, and nomination facility.

EPFO Higher Pension Scheme 2023 Application Process

If you’re interested in applying for the Higher Pension Scheme in 2023, here’s a simple guide to help you through the process:

Check Eligibility	Before you apply for the EPS, make sure you meet the eligibility criteria. You must be a member of the EPFO and have completed at least 10 years of service to qualify for the scheme.
Download the form	You can download the EPS form from the official website or obtain a hard copy from your employer.
Fill in the details	Once you have the form, fill in all the required details, including personal information, employment details, and nominee details.
Attach supporting documents	Make sure you attach all the necessary supporting documents, such as your Provident Fund account details, bank account details, and identity proof.
Submit the form	Once you have filled in the form and attached the supporting documents, submit it to your employer. They will forward the form to the Provident Fund office for further processing.
Track your application	You can track the status of your EPS application online through the member portal. Keep an eye on the status of your application and follow up with your employer.

 

By following these simple steps, you can apply for the EPS and enjoy the benefits of a higher pension amount, guaranteed pension, and financial security.

EPFO Higher Pension: EPS 95

EPS 95 is a defined benefit pension scheme that was introduced by the Indian government in 1995. Under this scheme, the employer and employee both contribute to the employee’s pension fund, and the amount of pension received by the employee after retirement is based on their length of service and the number of contributions made. The scheme applies to all establishments that employ 20 or more employees and have opted for the EPF scheme.

EPS 95 Higher Pension Latest Update 2023

The new deadline for employees who retired before 1 September 2014, and chose the higher pension option available to all eligible pensioners under the Employees’ Pension Scheme of 1995 (EPS 95), has been extended from 3 March 2023 to 3 May 2023.

EPF Pension Scheme 1995

The EPF Pension Scheme 1995 is a voluntary scheme that is offered to employees who are already members of the EPF scheme. Under this scheme, an employee can opt to contribute an additional amount towards their pension fund, which will earn interest and be payable as a pension after retirement.

EPF Pension Scheme Certificate Status

To check the status of your EPF Pension Scheme Certificate, you can visit the official website and click on the “Know Your Pension Status” tab. You will need to provide your EPF account number, and the status of your pension certificate will be displayed on the screen.

In conclusion, the EPS 95 and EPF Pension Scheme 1995 are excellent options for employees looking to secure their financial future. With regular contributions and the government’s support, these schemes can provide a higher pension and financial security to retirees. You can check the status of your EPF Pension Scheme Certificate online and stay updated with any changes to the scheme.

EPFO Employee Enrollment Process

 

 

 

 

 

 

 

 

Employees’ Provident Fund Organisation is an important entity that provides social security to Indian employees. To enroll with it, you need to follow certain steps that are outlined below:

1. Verify your eligibility: EPFO membership is mandatory for employees earning less than ₹ 15,000 per month. Employees earning more than that can choose to become a member
2. Obtain the Employer’s Code: Your employer must have an Provident Fund code to enroll you as a member. You can obtain this code from your HR department
3. Fill out Form 11: Once you have obtained the Employer’s Code, you need to fill out Form 11. This form contains basic information about you and your employment details
4. Submit KYC documents: You need to submit your KYC documents such as PAN card, Aadhaar card, bank account details, and address proof to complete the enrollment process
5. Get your UAN: After your enrollment, you will be issued a Universal Account Number (UAN). This is a unique 12-digit number that is linked to all your EPF accounts
6. Activate your UAN: To activate your UAN, you need to visit the member portal and complete the registration process. Once your UAN is activated, you can access a range of online services
7. Start contributing: EPF contributions are deducted from your salary each month. The contribution rate is currently 12% of your basic salary plus a dearness allowance
8. Check your EPF account regularly: You can check your EPF account balance, download your EPF passbook, and track your contributions by logging in to the member portal. It is important to monitor your EPF account regularly to ensure that your contributions are being made correctly.

Withdrawal and Transfer of EPF Balance

The Employees’ Provident Fund balance can be withdrawn or transferred under certain conditions. Here are some important things to keep in mind:

Withdrawal of EPF Balance: Employees can withdraw their EPF balance partially or fully under certain circumstances such as retirement, resignation, or termination. However, premature withdrawals may attract taxes and penalties.

Online Withdrawal Process: The Provident Fund Organisation has made the process of EPF withdrawal easier through its online portal. Employees can apply for withdrawal by logging in to the member portal using their Universal Account Number (UAN) and completing the necessary formalities.

Transfer of EPF Balance: When an employee switches jobs, the EPF balance can be transferred to the new employer’s account. This is called a ‘transfer claim.’ This transfer can be done offline or online through the member portal.

Automatic Transfer: They introduced an automatic transfer system for EPF accounts. Under this system, the EPF balance of an employee is automatically transferred to the new employer’s account when the employee switches jobs. This system eliminates the need for the employee to initiate a transfer claim.

Tax Implications: Withdrawals made from the EPF account before five years of continuous service may be subject to tax. However, if the employee has worked for more than five years, then the withdrawal is tax-free. In the case of the transfer of EPF balance, there are no tax implications.

Overall, it is important for employees to understand the withdrawal and transfer process of their EPF balance and make informed decisions accordingly.

EPFO Employer Compliance

It refers to the process of adhering to the guidelines set by the Employees’ Provident Fund Organisation to ensure that employers comply with the EPF scheme.

What is EPFO Compliance?

It is the process of adhering to the various provisions of the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It includes registration of the establishment with the provident fund, deduction and remittance of contributions, submission of returns, maintenance of registers and other records, and compliance with various other regulations.

What are the Requirements for EPF Compliance?

Employers are required to ensure compliance with the following requirements:

1. Registration of the establishment with the EPFO
2. Deduction of EPF contribution from the employee’s salary and deposit it with the Provident Fund Organisation
3. Payment of employer’s contribution to the EPF
4. Submission of monthly/annual returns to the Provident Fund Organisation
5. Maintenance of registers and records related to EPF
6. Compliance with various other provisions of the EPF scheme

EPFO Enables Principal Employers to Track EPF Compliance

They recently introduced a new facility for Principal Employers to track EPF compliance of their contractors and subcontractors. Under this facility, Principal Employers can view the compliance status of all their contractors and subcontractors on a single dashboard. 

This is aimed at ensuring greater compliance with the EPF scheme and reducing instances of non-compliance.

EPFO Coverage and Benefits

Coverage: The Employees’ Provident Fund Organisation provides social security benefits to employees working in various industries and sectors in India. Coverage is determined by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, which makes it mandatory for all establishments employing 20 or more employees to register with the Employee Provident Fund.

This coverage is not limited to any particular industry or sector, and it applies to all establishments, including factories, mines, plantations, educational institutions, and more. Coverage also extends to contract workers and casual employees, who are entitled to the same social security benefits as regular employees.

Benefits of EPFO

Employees’ Provident Fund Organisation Coverage provides various benefits to employees, which are categorized as follows:

1. Retirement Benefit: This scheme provides a retirement benefit to employees in the form of a provident fund, which is a type of savings fund. This fund is created by the contributions made by both the employer and employee. The accumulated funds can be withdrawn at the time of retirement or when the employee leaves the job
2. Pension Benefit: They also provide a pension benefit to employees who complete a minimum of 10 years of service. The pension amount is calculated based on the employee’s average salary and the number of years of service. The pension is paid out to the employee on a monthly basis after retirement
3. Insurance Benefit: This scheme also provides an insurance benefit to employees. In case of the employee’s death during employment, a lump sum amount is paid to the nominee or the legal heir of the employee
4. Loan Benefit: This scheme also enables employees to take a loan against the accumulated funds in their provident fund account. The loan can be taken for various purposes such as the purchase of a house, medical expenses, or education
5. Tax Benefit: The contributions made by both the employee and employer towards the scheme are eligible for tax deductions under Section 80C of the Income Tax Act. The interest earned on the EPF amount is also tax-free.

Recent Updates and Amendments in EPFO

The Employees’ Provident Fund Organisation is a statutory body that manages the Provident Fund (PF), Pension, and Insurance schemes for employees in India. It regularly updates and amends its rules and regulations to ensure efficient and effective management of these schemes. Here are some of the recent updates and amendments:

• Increase in Minimum Pension: It recently increased the minimum monthly pension for its members from ₹1,000 to ₹1,500 benefitting more than 35 lakh pensioners
• Auto Transfer of PF Accounts: It introduced a new facility that allows the automatic transfer of PF accounts for employees who switch jobs. This facility eliminates the need for employees to apply for a transfer of their PF accounts manually
• Introduction of Online e-Nomination Facility: They launched an online e-nomination facility for its members. This facility allows members to file their nomination form for the Provident Fund, Pension, and Insurance schemes online

ESIC Coverage Extended to More Districts: The Employees’ State Insurance Corporation (ESIC), which is under the Ministry of Labour and Employment, has extended its coverage to more districts in several states, including Uttar Pradesh, Bihar, Jharkhand, and Odisha.

 

Recent News

In recent news, the Ministry of Labour and Employment reported that the Retirement Fund Body, Employees’ Provident Fund Organisation, had gained 14.86 lakh new subscribers in January 2023. Additionally, the ministry noted that the number of members exiting the Employees’ Provident Fund Organisation was the lowest in the past four months, with only 3.54 lakh members leaving. Out of the 14.86 lakh new subscribers, approximately 7.77 lakhs were first-time members of the EPFO.

 

EPFO New Rules 2023

The Employees Pension Scheme (EPS) increased the monthly pensionable salary cap from ₹6,500 to ₹15,000 on 22 August 2014. Members and their employers were allowed to contribute 8.33% of their actual salaries towards the EPS if it exceeded the cap. Members were given six months from 1 September 2014, to opt for the amended scheme. In November 2022, the Supreme Court upheld the Employees Pension (Amendment) Scheme 2014 and granted eligible subscribers an additional four months to opt for a higher pension under EPS-95. The court also invalidated the requirement in the 2014 amendments that mandated employee contributions of 1.16% of the salary exceeding ₹15,000 per month. This change will allow subscribers to contribute more to the scheme and receive enhanced benefits.

Conclusion

The Employees’ EPF Organisation is a government organization that plays a vital role in providing social security to the workforce of India. With the help of various schemes, services, and updates, They provide benefits to both employees and employers. 

From managing the EPF, Pension schemes, and various other schemes, to offering a range of online services through the EPFO login and mobile app, Employees’ Provident Fund Organisation has made it easier for individuals to access their accounts and receive timely benefits. 

The updates and new schemes introduced by the employee provident fund, such as the higher pension scheme, are aimed at enhancing the quality of life of the workforce of India. Employees’ Provident Fund Organisation’s commitment to ensuring compliance by employers is also commendable. Overall, It is an essential organization that contributes significantly to the social and economic welfare of the country.

Vakilsearch can help you with everything you need to know about Employees’ Provident Fund Organisation. Our experts can guide you through the various benefits and services offered by Employees’ Provident Fund Organisation, including pension schemes, insurance schemes, and more. We can also keep you updated on the latest news and updates, ensuring that you stay informed and up-to-date. With Vakilsearch’s help, you can easily navigate the complexities of EPFO and ensure that you receive the benefits and services to which you are entitled to.

Also Read

• How Can I Get My EPF Password
• How to find PF Account Number