Employees’ Provident Fund is a small saving scheme that is offered to Indian workers as well as international workers through the EPFO of India. The scheme allows accumulation of funds as well as accrual of interest on the accumulated funds. The funds thus collected are made of contributions partly from employees and partly from their employers.
A Universal Account Number(UAN) system was started in October 2014 to allow portability of provident fund accounts of employees in case of change of employment. The 12-digit UAN is also helpful in keeping track of the provident fund account details and allows a centralised login to conduct many additional functions related to a provident fund account.
Contributions from employees as well as employers add to the EPF However, unlike what is commonly thought to be, the entire portion of contribution from an employer doesn’t go exclusively towards the Employees’ Provident Fund. The division of funds as of November 2015 is mentioned as follows –
12% of Contribution of Employee goes directly towards Employees’ Provident Fund
12% of Contribution of Employer is divided as follows –
3.67% of contribution towards Employees’ Provident Fund
8.33% of contribution towards Employee's’ Pension Scheme
0.65% of contribution towards EPF Administration Charges
0.5% of contribution towards EDLI Administration Charges
Please follow the below given link for PF details.
Step 1: Go to the UAN portal by clicking here http://www.epfindia.com
Step 2: Login with your UAN and password and enter the captcha.
Step 3: Then, click on the tab ‘Manage’ and select KYC to check whether your KYC details such as Aadhaar, PAN and bank details are correct and verified or not.
Step 4: After the KYC details are verified, go to the tab Online Services’ and select the option ‘Claim’ form the dropdown menu.
Step 5: The ‘Claim’ screen will display the member details, KYC details and other service details. Click on the tab ‘Proceed For Online Claim’ to submit your claim form.
Step 6: In the claim form, select the claim you require i.e full EPF Settlement, EPF Part withdrawal (loan / advance) or pension withdrawal, under the tab ‘I Want To Apply For’. If the member is not eligible for any of the services like PF withdrawal or pension withdrawal, due to the service criteria, then that option will not be shown in the drop-down menu.