All the workers whose payments exceed Rs.6,500 per month have a choice to associate the scheme with the approval of the employer. The employee is qualified for membership of the EPF from when the day he joins the such a company which has closed under the EPF & MP Act, 1952.
The rate of giving payable by the member has set at 12 percent of his returns: DA, basic pay, the cash value of food concession & maintaining allowance up to the maximum of Rs.6,500 a month. Voluntary higher contributions are also admissible at the joint application of the member & the employer.
The employee has to disclose his details about previous employment in the Form No.2 that containing the particulars of family & nominations) by the employer, & the employer submits the related to the EPFO.
The employee can choose any one or more members of the family to get the Provident Fund in the fact of his death. In fact, if he doesn’t have the family, he can specify any other person. The nomination can be adjusted or altered by the employee when he wishes to do so, according to the rules of an EPFO.
know your EPF balance online
Though the national website doesn’t have such link, some EPF offices, like Karnataka, for ex. has this type of provision on its website. You want to provide the establishment code, and your PF account number and the information goes displayed for you. You will have to visit the local website & check either the area office gives such a value added service (VAS ) to you.
There is no such set down the rule for giving you with the needed information in a suggested format. The EPFO, as a recommended rule, sends you just the annual accounts records at the end of each and every financial year, to av address where you have last hired.
If you are lucky sufficient to get hold of one, one can, by that statement, calculate extra & then keep the record. In case you need your data in any other month, you might go by the ‘Right To Information’ route & obtain the wanted information in one month.
A new service has started recently & you can know the balance directly by hitting on that site link.
Withdrawing your EPF
One can withdraw up to 90 percent of the amount in EPF account after you accomplish the age of fifty-four years or in one year before real retirement on superannuation whatever is later. Claim or complaint application in new form 19 has to submit to the regarding Provident Fund Office. For other situations such as,
Changing of Jobs
At such times, the balance PF could be shifted from one employer to the another. The current balance would remain to stay. With recent contributions offered by the new company.
Quitting of Job:
PF could withdraw if you leave the job and give a statement that you do not think to work for the next coming six month.
One can withdraw the full amount in a fund on retirement from a service after fifty-five years of age.
How to Check Your EPF Status Online?
If you had previously applied for the EPF withdrawal & you need to check the status of the claims or queries application, you can visit the official website & fill up a form with the particulars of the EPF office & you PF Account Number for Employee. This facility is possible on almost all the local websites too.
Step-1: Your UAN is easily available with the employer. You want to take the Universal Account Number (UAN) number from employer & then start it at the link given below
Step-2: First you go to web portal uanmembers.epfoservices.in. Then Click on the option “Know the status of UAN” or using this below link.
Step-3: If UAN(Universal Account Number) has already created, you will have need giving following details for the verification
A) Enter the concern member name, mobile number, date of birth, and E-mail address. The name and Date of birth must & should match with the EPFO recordings.
B) Plus, you want to give the password as after the confirmation you would automatically record with the Universal Account Number member portal.
C) Enter the given CAPTCHA or verification code provided in the image box below and click on the option GET PIN.
D) You will get the PIN at the mobile number. Enter this pin number at the given field. Then click on to continue. The check-box of the option ‘ I Agree’. will display so now, click on the submit button.
Step-4: If Universal Account Number has not still allotted, one will notice an option to create the new UAN
You can understand the complete EPFO announcement here. In case anybody has an experience of withdrawal of EPF without employer signature, please feel Frank share it in the below comments box.