EPFO Member Registration

Everything You Need To Know About EPF Registration An Overview Of Online PF Registration The Employees' Provident Fund is a social security scheme that saves a small portion of employees' salaries for future benefits.

EPFs are similar to retirement funds that companies must offer to their employees. Employees' Provident Funds and Miscellaneous Provisions Act, 1952 governs it. In order to register with the EPF, a company must have at least 20 employees. There are 3 simple steps to register a company for an employee provident fund: ● Form filling and consultation are free ● Data validation can be accomplished by an affiliate dedicated to the task ● A receipt for the PF number has been received

Employers In India Are Eligible To Register For EPF It is necessary for an organization to meet the following criteria in order to be eligible for PF Registration:

● More than 20 employees work in a factory. ● Over 20 employees are employed at an establishment. It is here that the Central Government defines the class of firms that fall into this category.

● Not less than 2 months after being notified of compulsory registration, an establishment that has fewer than 20 workers.

The Employees' Provident Fund Organization must receive a notice from companies with fewer than 20 employees within 2 months.

● The Central PF Commissioner must be agreed upon by both employees and employers. An announcement must be published in the Official Gazette within 30 days of the signing of the agreement.

From the beginning of his employment, an employee is eligible to receive PF. The EPF employer is responsible for deducting and contributing to PF.

What EPF Sewa Can Do For An Employee?

Insurance coverage for pensions

In addition to the employee's contribution to EPF, the employer also contributes an equal amount which includes the Employee Pension Scheme (EPS). You can therefore save a substantial amount of money on your retirement through the EPF.

Insurance Coverage

The Provident Fund covers the financial risks faced by the dependents of an employee when they suffer illness, death, or retirement.

Account with one EPF number/single account

When switching jobs, the PF account can be transferred. With the help of the Universal Account Number (UAN) linked to the Aadhar, the previous accounts will be able to be linked. Instead of closing it down, it can be carried forward to the new employer. As a result, the rate of return is compounded over time.

Funds for emergencies

It is inevitable that emergencies will occur at some point in our lives. During mishaps, illnesses, weddings, or educational expenses, the EPF amount can be incredibly helpful. Online claims can be made by employees.

A scheme to insure employee deposits

A PF account holder is eligible for this insurance plan, which requires only a 0.5 % deduction from salary.

Goals beyond the basic

When it comes to setting up a child fund or buying a property in the future, PF accounts can be extremely helpful.

Checking the balance of the EPF

UAN members can access EPFO details by giving a missed call to 011-22901406 from their registered mobile number if they are registered under the UAN portal.

UANs linked to bank accounts, PAN cards or Aadhar numbers make it easier for members to get their PF balances and previous contributions.

UAN members can check their previous EPFO balance and PF contribution by sending a text message to 7738299899.

How To Apply for PF Online? ● Data and documents related to employees should be collected. ● The establishment is registered with EPFO. ● Employers must register their DSCs (Digital Signature Certificates). ● Provide all employer details on the application. ● Please submit a verified form ● Get your PF registration certificate and Universal Account Number [UAN]

Members of EPFO will be able to track their UAN status online. Providing your EPF number and selecting your state is all you need to do. The status of your UAN will be automatically updated.

Those wishing to use the Employee Provident Fund's direct/online services must activate their UAN.

PF Registration Documents The following documents are required for all businesses wishing to apply for PF:

● A copy of the establishment's PAN card ● The incorporation certificate ● Check of establishment cross-canceled ● An address proof with the establishment's name on it. You can use it for: ● Agreement for renting ● Water ● Power ● Bill for telephone service ● Signatures of directors and authorized signatories ● Authorized applicant's digital signature ● Voluntary registration must be approved by a majority of employees

Depending on the entity, the underlying might also be needed:

● Bill of sale for first sale ● Purchasing raw materials and equipment for the first time ● A certificate of registration for GST

● Details of bankers ● An employee strength report for each month ● Wage and salary register

EPF is one of the best schemes introduced by the government to provide safety to the employees and their family members. The scheme is beneficial for the employer as well as the employees. The scheme also provides protection to the employees in case of any untoward incident. So, to avail the benefits of the scheme, first of all, the employer has to register for the scheme. The procedure is very simple and one can easily register for the scheme.