EPF stands for Employees' Provident Fund (EPF) and is the main scheme under the Employees' Provident Funds and Miscellaneous Provisions Act,... Read more
EPF stands for Employees' Provident Fund (EPF) and is the main scheme under the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. The scheme is managed under the aegis of Employees' Provident Fund Organisation (EPFO).Under EPF scheme, an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer. The employee gets a lump sum amount including self and employer's contribution with interest on both, on retirement. As per the rules, in EPF, employee whose 'pay' is more than Rs 15,000 a month at the time of joining, is not eligible and is called non-eligible employee. Employees drawing less than Rs 15,000 a month have to mandatorily become members of the EPF. However, an employee who is drawing 'pay' above prescribed limit (currently Rs 15,000) can become a member with permission of Assistant PF Commissioner, if he and his employer agree. Contribution paid by the employer is 12 per cent of basic wages plus dearness allowance plus retaining allowance. An equal contribution is payable by the employee also.In case of establishments which employ less than 20 employees or meet certain other conditions as notified by the EPFO, the contribution rate for both employee and the employer is limited to 10 percent. The EPFO’s Central Board of Trustees after consultation with the Ministry of Finance reviews the interest rate of EPF every year, for a financial year.*Disclaimer Statement: This content is authored by an external agency. The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). ET does not guarantee, vouch for or endorse any of its contents nor is responsible for them in any manner whatsoever. Please take all steps necessary to ascertain that any information and content provided is correct, updated and verified. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein.
How to read your PF statement33You can withdraw EPF for treatment without doctor certificate How to merge two or more EPFO accounts How to correct name, birth date in PF account How to transfer your PF money online: Here's a step-by-step guide EPS pensioners can submit life certificate without Aadhaar, fingerprint authentication: EPFO How new EPF rules are going to impact you How to check PF balance: Here are 5 ways How to know your PF claim status What is EPF scheme and how to calculate PF balance? - Is the CPF commissioner guilty of contempt and mental torture for delaying pensions?
The Employees' Provident Fund Organisation faces criticism for its slow processing of higher pension claims. Lakhs of retirees await their rightful pensions. The government is urged to intervene and expedite the process. A more efficient system like ASBA is suggested. The current pension calculation formula needs an overhaul. - Withdrawal of EPF money: What is the procedure for withdrawing EPF money after leaving one establishment and joining another?
- ADVERTISEMENT
- Married women without marriage certificate can face these problems
Importance of marriage certificate: Marriage registration is optional under the Hindu Marriage Act, 1955. However, many women register their marriage to avoid any future problems. Here is the list of problems women can face in the future if they do not have a marriage certificate. Read on to know more about it. - Why your EPF claim may get rejected: Here are 11 reasons
- Is your EPF claim stuck? Find out why EPF claim rejections are rising, steps you can take
- NPS investment can save tax in new tax regime as well; here's how
Under Section 80CCD(2), up to 10% of the employee’s basic salary put in NPS is tax-free. This limit is higher at 14% for taxpayers like Roy who have opted for the new tax regime. Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments. - ADVERTISEMENT
- UPS like pension for private sector employees? How NPS plus EPF can get you regular income like Unified Pension Scheme; check calculation
While govt employees got their much awaited demand met as government launched a new pension scheme called Unified Pension Scheme which offers half of the last year average basic salary as starting pension. Private sector employees can do much better and get a higher regular income during their retirement that too only with mandatory EPF and NPS contribution if they can can plan it well. - Online module for surrender of exemption from EPF unveiled
Exempted establishments have been found to be surrendering their exemptions primarily due to their inability to match the benefits under the EPF scheme, which is mostly rate of interest generated by the statutory EPF scheme and digital services of claim settlement, e-nomination and member passbook available on the Employees' Provident Fund Organisation (EPFO) portal. - Union Minister Mansukh Mandaviya launches online module for surrender of exemption
- NPS Vatsalya announced, another tax nudge for NPS in Budget 2024: All you need to know
- PPO number of pensioners: Govt to take measures to issue Pension Payment Order number PPO on the day of retirement
- Non-refundable Covid advance no longer available under EPFO
- New EPF account rules in May: EPFO made these four major changes to the EPF account, claims process in May 2024
- How to raise EPF-related complaints or grievances on EPFO portal: A step-by-step guide
- EPF claim rejection: 8 reasons EPF withdrawal claim can get rejected
- How to plan your income tax savings for FY25 using ELSS mutual funds?
- Wage ceiling under EPFO may be raised to ?21k
- Do EPF members suffer loss if interest payment is delayed by EPFO? Know how withdrawal works when interest credit is pending
Going by the trends seen in many previous years, though interest rate on EPF deposits for the financial year 2023-24 was announced in February to be 8.25% however, the actual payment of interest into respective EPF accounts may take longer. Most EPF members have this concern whether they will lose out earning more interest due to this delay. We tell you how it works. - Steps to withdraw from EPF amount using Umang app
- Which investment is 100% tax-free: 3 tax-saving investment options for tax-free income
- EPF joint declaration: How many times can you make changes to member name, date of birth, marital status in EPF account
- PF member name can be corrected/updated in UAN profile
- Women changing surname legally after marriage: Advantages, disadvantages
International Women's day 2024: Women in India commonly change their surnames after marriage. However, while making a change legally in all their official and other documents, there are certain pros and cons that must be considered. Changing surname in official documents entail huge one-time effort while providing lots of documents and affidavits. Read on to know the advantages and disadvantages of legally changing surname after marriage. - New enrollment in EPF and ESIC hit over three-month high; NPS declines
- EPFO Interest Rate Hike: EPFO declares 8.25% as EPF interest rate for FY 2023-24
EPFO Interest Rate Hike: The Employees Provident Fund is a mandated contribution for salaried employees. An employer is also obligated to make a matching contribution to the EPF account. On a monthly basis, an employee contributes 12% of his earnings to his EPF account. The employee's whole contribution is placed into the EPF account. In the case of the employer, just 3.67 percent is deposited into the EPF account. The remaining 8.33% goes to the Employees Pension Scheme (EPS). - Retirement planning: How to earn monthly income of Rs 1.5 lakh
- How to save for children’s higher education, early retirement
- Which mutual fund schemes should I invest in for maximum wealth creation?
- F&O is almost always a path to financial destruction if you are a ...
Those who suffer a big disaster in the beginning are lucky. The ones who are the worst off are the maximisers who win a few, then lose a few more, bleeding cash over time, and eventually suffering a slow and deep disaster. This obsessive pursuit of exponential returns through derivatives ends in financial ruin. - How old income tax regime can help save Rs 52,000 tax
- New job additions to the formal sector decline in October
The number of new subscribers to the Employees’ Provident Fund (EPF) Scheme declined for the third consecutive month to 772,084 in October compared with 926,934 in the previous month, recording its lowest level since the start of the year, according to preliminary data released by the ministry of statistics and programme implementation. - EPF claim rejections: 8 reasons your EPF withdrawal claim can get rejected, how to avoid it
- I have an EPF corpus of Rs 85 lakh; is it tax efficient to transfer it to NPS tier 1 account after retirement?
- New enrolments in the formal job market fall further in September
The number of first-time workers entering the formal job market declined in September, with both the Employees' Provident Fund (EPF) Scheme and Employees' State Insurance Corporation experiencing a decline in new enrollments. The EPF scheme saw a 6% drop in new enrollments, while the ESIC, catering to lower-paying jobs, saw a 4.7% decline. - EPFO disburses Rs 48,000 crore Covid advance to over 22 million subscribers in 3 years
- EPF Diwali gift for you: Govt starts crediting EPF interest for FY 2022-23 into provident fund accounts; how to check EPF balance
- Fitch revises India’s potential growth upward to 6.2%
- Formal employment rises, but youth and women lose out
Women and the youth of India lose out when we talk about better-paying jobs in the formal sector, an ET analysis as shown based on data from Employees' Provident Fund. The Share of women in the net enrollment to the EPF scheme declined to 20.4%, data shows, even as enrollment in the ESIC increased for both the younger group and women. - Formal employment additions drop in August
New enrolments to the government's social security schemes in India declined in August, indicating slower growth in formal employment. The decline was more significant in higher-paying jobs, with new enrolments in the Employees' Provident Fund (EPF) Scheme falling by 13.3%. However, net subscriptions to the EPF scheme, which takes into account exits and re-entries, reached the highest level this year. - New enrollments to the formal job market decline in August; women lose out
New enrollments to the government's social security schemes in India declined in August, indicating slower growth in formal jobs. Enrollments for the Employees' Provident Fund (EPF) Scheme dropped by 13.3%, with net subscriptions at their highest level since the start of the year. New subscribers to the Employees' State Insurance Corporation also declined, albeit at a slower rate. - How to link your new mobile number with EPF UAN
- Which mutual funds should I invest in to save Rs 1 crore in 5 years?
- EPF, NPS enrollments at four month high, ESIC declines to three-month low
New enrollments in less lucrative jobs reached a three-month low in July, while higher-paying jobs continued to show stronger numbers. Enrollments in the Employees' State Insurance Corporation (ESIC) decreased to 1.49 million, while enrollments in the Employees’ Provident Fund Scheme (EPFO) increased by 18.8% and new subscribers to the National Pension Scheme (NPS) rose by 40%. - EPFO, NPS data show 5.2 crore payrolls addition in last 4 years: SBI study
- EPF account balance: How to check EPF balance on Umang mobile app
- Formal job creation shows mixed results in June
The net enrollments under the Employees' Provident Fund Scheme increased by 29% in June compared to the previous month. However, new subscriptions to the Employees' State Insurance Corporation decreased in June compared to May. Enrollments for the National Pension Scheme also declined for the second consecutive month, but at a slower rate. - Retirement planning: Five retirement-focused investment products
- Retirement Planning: How to save for your retirement
- Three ways to link EPF UAN with Aadhaar
- I got Rs 65 lakh from a property sale. Should I invest this amount or close my home loan?I got Rs 65 lakh from a property sale. Should I invest this amount or close my home loan?Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
- Govt notifies interest rate of 8.15% on EPF depositsGovt notifies interest rate of 8.15% on EPF depositsThe Union government on Monday notified 8.15% as the interest rate on deposits under the EPF scheme for 2022-23, as recommended by the retirement fund body’s Central Board of Trustees in March this year. On Monday, EPFO also directed its field offices to credit the interest into the accounts of over 6 crore active members as of March 2023. Interest rate on PF accounts declared in March this year was marginally higher than the four-decade low of 8.1% declared by the government in 2021-22.
- EPFO adds 16.30 lakh members in MayEPFO adds 16.30 lakh members in MayOf the 1.63 million workers added in May, around 1.14 million members exited but rejoined EPFO and opted to transfer their accumulations instead of applying for final settlement
- How to update KYC for EPF account using UAN
- Best ways to invest your savings in India as a employee
- Today is the last day to apply for higher EPS pensionToday is the last day to apply for higher EPS pensionThe deadline to apply for higher pension from Employees' Pension Scheme (EPS) is June 26, 2023 i.e., today. However, it may happen that you still haven't applied for the same or are unable to submit the application form due snags on the website. Then you must hurry up and submit the application form before the deadline expires tonight.
- Who can withdraw EPF contributions? Document required, other important details
- Formal job creation picks up in MarchFormal job creation picks up in MarchData released by the Ministry of Statistics and Programme Implementation shows that there was a double-digit increase in formal job creation across all categories in March 2022 compared to the previous month. While net additions to the Employees' Provident Fund Organisation increased 10.1%, new subscriptions to the Employees' State Insurance Corporation and National Pension Scheme increased 5.4% and 77.5%, respectively, over the same period. The EPF scheme and ESIC witnessed their highest net addition to the payroll over the last five years, with nearly 13.9 million new subscribers to the EPF scheme.
- Does eligible employee have an exit option to get out of higher EPS pension application?Does eligible employee have an exit option to get out of higher EPS pension application?The circular issued by the Employees' Provident Fund Organisation (EPFO) on May 11, 2023, clarifies that how dues will be calculated to be paid for higher EPS pension. Further, a written consent is mandatory for diversion or depositing funds for higher pension from EPS. However, what will happen if written consent is not provided by the EPFO?
- EPFO issues FAQs on higher EPS pension, but no clarity on computationEPFO issues FAQs on higher EPS pension, but no clarity on computationEPFO said applicants will have up to three months to provide written consent to EPFO to either draw arrears from their PF, or to deposit funds separately in case of a shortfall in their PF kitty.
- Extend deadline, says PSU representative on EPF boardExtend deadline, says PSU representative on EPF boardSobti, director general of Standing Conference of Public Enterprises (SCOPE), has pointed out that many central PSUs have approached SCOPE regarding the difficulties members and pensioners are facing in the submission of the online forms.
- Tomorrow is the last day to apply for higher pension from EPSTomorrow is the last day to apply for higher pension from EPSMay 3, 2023 is the last day to apply for higher pension from Employees' Pension Scheme (EPS). If you are eligible to apply for higher EPS pension but still not submitted the joint application form on the Member Sewa Portal, then you must not wait any longer. If this opportunity is missed, then you may not get the chance again.
- EPF e-passbook facility down: Members can view passbook on UMANG app, here is howEPF e-passbook facility down: Members can view passbook on UMANG app, here is howEPFO, on its website, has said that members can view their passbook on the UMANG app. According to the EPF website, “Member Passbook Service is accessible through UMANG App."
- What the latest EPF rate hike to 8.15% means for youWhat the latest EPF rate hike to 8.15% means for youThe interest rate hike of EPF from 8.1% to 8.15% is in the interest of subscribers, although it is not substantial. Depending on the balance, subscribers will receive an extra rate of interest. However, EPF should not be the only investment instrument, and diversification of portfolio is essential. Comparatively, the interest rate is reasonable, but investing in NPS or mutual funds may help accumulate wealth as they have potential to deliver higher returns.
- On eve of Supreme Court hearing, EPFO’s higher pension form ‘missing’On eve of Supreme Court hearing, EPFO’s higher pension form ‘missing’The landing page of the EPFO’s unified portal showed the ‘Pension on Higher Salary: Exercise of Joint Option under para 11(3) and para 11(4) of EPS-1995 on or before 3rd May 2023’ as a new addition. However, registration forms for pre-September 2014 retirees was inaccessible till the time of going to press.
- Five tax saving investment options to get tax free returnsFive tax saving investment options to get tax free returnsThe last date for completing tax saving is approaching soon. If you still have not completed the tax saving exercise, then ensure that you do it before the end of the financial year, or else you might end up paying higher income tax. Here are five investment options that help you not only save income tax but also offer tax free returns.
- EPF member accounts of 98 pc contributory firms updated till March 6: Labour MinistryEPF member accounts of 98 pc contributory firms updated till March 6: Labour Ministry"This (interest crediting) is an ongoing process, which has been taken up in a scheduled manner post development of software and by March 6, 2023, the process has been completed in respect of 98 per cent of contributory establishments," stated Minister of State for Labour and Employment Rameshwar Teli in a written reply to the Lok Sabha on Monday.
- EPF rate likely to stay at around 8%EPF rate likely to stay at around 8%According to an official, return on EPFO investments this year have been strong while the Covid withdrawals have come down significantly. With better returns expected on equity investment, there is a possibility of either retaining the interest rate at 8.1% or bringing it a tad lower to 8%, the official said.
- EPFO clause makes opting for higher pension nearly impossibleEPFO clause makes opting for higher pension nearly impossibleOver the years, the government has been raising the PF contribution ceiling, which was Rs 5,000 until June 2001, before being raised to Rs 6,500 and further to Rs 15,000 from September 2014. This means that despite the ceiling you could contribute 12% of your actual basic salary towards PF with a matching contribution by the employer.
- Documents you will need to submit when applying for higher pension under EPSDocuments you will need to submit when applying for higher pension under EPSThe Employees' Provident Fund Organisation (EPFO) issued two circulars - December 20, 2022 and February 20, 2023 - providing instructions on how to submit the application for higher pension under EPS. The circular also provides the list of documents that an EPF member has to submit along with the application form.
- Can you claim higher pension from EPS if you were not contributing to EPF account in 2014?Can you claim higher pension from EPS if you were not contributing to EPF account in 2014?The Supreme Court has allowed employees to apply for higher pension under EPS if they were members on September 1, 2014. However, there may be employees who were members of EPS and/or EPF but they were not making contributions to the EPF account. This may happen because of various reasons. In such a scenario, can such an employee opt for higher pension from EPS?
- Eligible employees who missed higher EPS pension option earlier can still apply: Latest EPFO circularEligible employees who missed higher EPS pension option earlier can still apply: Latest EPFO circularEPFO has issued a circular on February 20, 2023 for employees who were members of EPS-95 scheme on August 31, 2014 on how they can apply for higher pension. Do note that this is the last chance for eligible employees to opt for higher pension from EPS. If they do not submit the application by March 3, 2023, then they might miss the chance to opt for higher pension from EPS.
- EPFO update: What happens to EPF account's interest if employer fails to deposit contributionEPFO update: What happens to EPF account's interest if employer fails to deposit contributionAccording to a ruling made by the Supreme Court in February 2022, an employer is required to cover damages if an employee's Employees' Provident Fund (EPF) contribution is delayed.
- 9 tax saving investment options for FY 2022-20239 tax saving investment options for FY 2022-2023The last date to complete tax savings for current financial year is March 31, 2023. If an individual opts for old tax regime in FY 2022-23, then ensure that you have made specified investments under section 80C to save tax. Here are 9 tax saving investment options for FY 2022-23.
- New proposed digital law allows use of personal data without your 'explicit' consent, including by search enginesNew proposed digital law allows use of personal data without your 'explicit' consent, including by search enginesThe government has proposed a new version of Digital Personal Data Protection Bill, 2022. The proposed will provide new rules related to dealing of individual's personal sensitive data by the companies. The proposed bill mentions the instances where an individual's personal data is likely to be used without asking for explicit consent. Even search engines such as Google can use your data.
- How to update UAN and EPF KYC details OnlineHow to update UAN and EPF KYC details OnlineUAN stands for Universal Account Number is a 12-digit number given to each EPFO member. Here are few important FAQs on UAN KYC, release by EPFO.
- TDS rate on EPF withdrawals reduced to 20% from 30% in Budget 2023 in these casesTDS rate on EPF withdrawals reduced to 20% from 30% in Budget 2023 in these casesReduction in the TDS rate on EPF withdrawal will help individuals whose PAN is not updated with the records in the EPFO. Previously, the TDS rate was 30% which has been proposed to be reduced to 20%.
- Some EPF subscribers are yet to receive interest: How to check EPF interest credit statusSome EPF subscribers are yet to receive interest: How to check EPF interest credit statusTime and again the EPFO has assured its subscribers that its interest credit is an ongoing process. EPF who have not received their interest took it to twitter to complain.
- How to raise EPF-related complaints or grievance on EPFO portalHow to raise EPF-related complaints or grievance on EPFO portalThe EPFiGMS portal allows EPF subscribers to view the status of open complaints and requests.
- Decline in EPS contributions triggers viability concernsDecline in EPS contributions triggers viability concernsThe audited annual accounts for FY21 show contributions to the scheme's pension fund dropped 2.7% to ?50,562 crore from ?51,953 crore in FY20.
- EPFO issues circular on higher pension, clarifies which employees are eligible and how to applyEPFO issues circular on higher pension, clarifies which employees are eligible and how to applyThe Employees Provident Fund Organisation (EPFO) has issued a circular on December 29, 2022 on who can get higher pension and the process to apply for higher pension. The new circular is issued to comply with the instructions issued by the Supreme Court in its jdugement dated November 4, 2022.
- Worked for more than 20 years under EPF scheme? You will get this as bonus for pension calculationWorked for more than 20 years under EPF scheme? You will get this as bonus for pension calculationMany employees diligently make contributions to EPF account so that they can have good corpus at the time of retirement. Further, if they are covered under the EPS - a pension scheme for employees, then they start getting their pension once they become eligible. However, not many people are aware that they are eligible for bonus if they have made contributinon to EPF for more than 20 years.
- Don't forget to take this EPS pension certificate after leaving your current jobDon't forget to take this EPS pension certificate after leaving your current jobWhen an employee switches or leaves his/her current job, then one should transfer their exisitng EPF account with the new employer (provided new employer is covered under the EPF Act). While leaving the job, an employee should also get the this pension certificate for their records. Read on to know what this pension certificate is, why you should get it and how to get it.
- Centre likely to raise wage threshold for EPFO's flagship retirement saving schemeCentre likely to raise wage threshold for EPFO's flagship retirement saving schemeThis will increase the mandatory contribution by both employees and employers, helping workers save more for their retirement. The increase will also bring more workers under the EPFO's social security coverage.
- How to check EPF balance using the EPFO portal
- EPF interest: Why interest credited into EPF account is not visible, finance ministry clarifiesEPF interest: Why interest credited into EPF account is not visible, finance ministry clarifiesAccording to the Finance Ministry, there will be no interest rate loss for Employees' Provident Fund Organisation (EPFO) subscribers, and the delay in crediting interest rate for FY22 is due to a software upgrade due to tax changes made last year.
- Transferring EPF account? How to download Annexure K
- Transferring EPF account: What is Annexure K?Transferring EPF account: What is Annexure K?Annexure K, an EPF document, contains the member's information, PF accumulations with interest, service history, joining and leaving dates, and job information.
- Advice for millennials! Rs 5,000 invested monthly in PF can also get you your crorepati tagAdvice for millennials! Rs 5,000 invested monthly in PF can also get you your crorepati tagPost-tax returns are an important aspect for every investment avenue. A suggestion for younger people who can afford to do so, is to buy a term insurance and health insurance early on in their career, over and above of what their employer provides.
- EPFO wants to ease pressure on pension fundsEPFO wants to ease pressure on pension fundsEPFO must vastly improve its fund management, and ensure robust governance. Over 85% of its corpus - at about ?12 lakh crore - is invested in debt and generates suboptimal returns. It pushes GoI to subsidise the returns for EPF subscribers. With better data, its administrative ability to compute liability is better now.
- SpiceJet may be defaulting on EPF: How to check if your employer is depositing itSpiceJet may be defaulting on EPF: How to check if your employer is depositing itIn Budget 2021, the government amended the income tax law to ensure that employers deposited employees' EPF dues on time.
- Documents required to avail pension in case of death of EPS pensionerDocuments required to avail pension in case of death of EPS pensionerThe Employee's Pension Scheme (EPS) was established in 1995 with the main goal of assisting employees in the organised sector.
- EPFO wants wage, headcount limits to be removedEPFO wants wage, headcount limits to be removedCurrently, there is a mandatory wage ceiling of ?15,000 for employees and only enterprises with 20 or more workers can join its schemes, including the flagship Employees' Provident Fund (EPF) scheme, which has over 55 million active subscribers.
- Mumbai EPFO fraud losses estimated at up to Rs 1,000 cr; a senior social security assistant suspendedMumbai EPFO fraud losses estimated at up to Rs 1,000 cr; a senior social security assistant suspendedEPFO’s Kandivali office was also mired in another fraud case in February when the Central Bureau of Investigation (CBI) filed an FIR against eight EPFO employees who reportedly siphoned off Rs 21.5 crore via 817 migrant workers’ bank accounts.
- Your employer's EPF, NPS contribution can be taxable in your hands: Here's how to check if it isYour employer's EPF, NPS contribution can be taxable in your hands: Here's how to check if it isAs per the announcement made in Budget 2020, if an employer's total contribution to the EPF, NPS and superannuation fund exceeds Rs 7.5 lakh in an FY, then the excess contribution will be taxable to an employee. Further, any interest, dividend etc. earned on the excess contribution is also taxable. This income tax rule is effective from April 1, 2020, onwards.
- Proposal to hike equity investment limit to 20 pc not taken up in EPFO trustees meetProposal to hike equity investment limit to 20 pc not taken up in EPFO trustees meetHe was of the view that there should be more detailed deliberation on the proposal before going ahead to amend the EPFO's pattern of investment to increase the allocation of investible funds in equity-related instruments to 20 per cent from the existing 15 per cent in view of its volatile nature of the stock markets.
- Instead of taxable EPF, why not invest in equity MFs? IRR would be 7.48%, higher than 5.6% from EPFInstead of taxable EPF, why not invest in equity MFs? IRR would be 7.48%, higher than 5.6% from EPFTaxation of the EPF amount means that the true post-tax internal rate of return will be just 5.62%. So, it’s a deposit with a long lock-in period and a return of 5.62%. Does this seem like a good deal to you? No, not to me either.
- EPF account: How to generate, activate UANEPF account: How to generate, activate UANEmployees can create their own UAN numbers by following a few simple procedures. After you have your 12-digit UAN number, you can access your Employee Provident Fund (EPF) account. It also allows you to check the balance of your EPF account and review your passbook.
- 8.1% EPF interest rate approved for 2021-2022, amount to be credit soon; Here’s how to check EPF balance8.1% EPF interest rate approved for 2021-2022, amount to be credit soon; Here’s how to check EPF balanceFor 2021-22, the Centre has approved an interest rate on Employees' Provident Fund (EPF) deposits of 8.1 percent, down from 8.5 percent the previous year. You can check your EPF amount using the Umang App, EPFO Member e-Sewa online, SMS, or a missed call.
- EPF, VPF 8.1% still among best debt investments: Here's the max you can invest tax free
- Despite rate cut EPF, VPF 8.1% return still best in tax free: Here's how much you can investDespite rate cut EPF, VPF 8.1% return still best in tax free: Here's how much you can investEmployees typically go for statutory contribution of 12% of basic pay towards EPF, which is matched by employer contribution. However, employees can contribute over and above this limit through VPF.