All You Need to Know about Employee Provident Fund Organization Scheme aka EPFO

The point of the EPF plan is to advance retirement investment funds for workers crosswise over India. The Employees’ Provident Fund (EPF) is a corpus of assets worked through customary, month to month, commitments made by a worker and his/her manager. The sum added to the store depends on a settled rate. Representatives acquire enthusiasm on their EPF adjusts. Both, the premium earned and the aggregate sum pulled back at development are tax-exempt, making this a standout amongst the most prominent types of long haul retirement investment funds among the working populace in India. Other than retirement, stores amassed in a representative’s EPF record can likewise be utilized at time of abdication or passing. It additionally offers monetary security in times of crisis and if a representative is rendered unfit for unemployment.

The EPFO, along these lines, benefits a strangely vast number of endorsers. This, combined with the extensive number of related exchanges included, positions the EPFO among the biggest associations, all around. There are presently more than 5 crore individuals that the EPFO administrations. Under the Act, the EPFO works three plans in all viz.

Workers’ Provident Fund Scheme, 1952

Workers’ Pension Scheme, 1995 (which supplanted the Employees’ Family Pension Scheme, 1971)

Workers’ Deposit Linked Insurance Scheme, 1976

Structure of the Employee Provident Fund Organization (EPFO)

The association’s managerial work is sorted into a few zones that are going by an Additional Central Provident Fund Commissioner in every one of the States in India. Each state has no less than one Regional Office which is dealt with by the Regional Provident Fund Commissioners (RPFC). The power chain of command is additionally subdivided into Sub-Regions that are dealt with by Regional Provident Fund Commissioners. The Assistant Provident Fund Commissioners help them. There are area workplaces situated in many districts, with an Enforcement Officer who reviews and administers the neighborhood foundations and resolves grievances.

EPF Claim Forms

• Form 31 — This pertains to withdrawals or advances that a member/employee applies for under various circumstances e.g. to fund education or marriage, housing loans, house repairs/renovation/construction etc. Details on each of these claims are elucidated below.
• Form 14 — This pertains to funding an LIC policy
• Form 10D — This pertains to pension fund settlement through monthly pension on completion of 58 years of service with a minimum of 10 completed years of service.
• Form 10C — This pertains to pension fund settlement through withdrawal on completion of 58 years of service without a minimum of 10 completed years of service.
• Form 13 — Transfer of EPF Account
• Form 19 — Final EPF Settlement

UAN Member Details

To get UAN Card you need to do UAN Registration at UAN Unified Member Portal. Managers can discover the insights with respect to a specific UAN part on the web, by setting off to EPFO’s EPF gateway. With a specific end goal to get the pertinent points of interest on the web, the business should give fundamental data, for example, — select the specific EPFO office, give the foundation code, give the foundation’s augmentation no. furthermore, the versatile number enrolled in the ECR gateway. Tap on create OTP and validate your personality then you will be diverted to a page which gives all pertinent data relating to the UAN entered.