How can I apply EPF online?
Step 1: Visit the Member e-Sewa portal on the EPFO portal. Step 2: Sign in to your account with a password, UAN and Captcha code. Step 3: Select ‘Claim (Form-19, 31, 10C & 10D)’ from the ‘Online Services’ tab. Step 4: A new webpage will open where you need to provide the correct bank account number linked with UAN.
How can I apply for PF offline?
Offline EPF Withdrawal Process All you need to do is visit the respective EPFO and submit a duly filled Composite Claim Form. It is important to note that there are actually two types of Composite Claim Forms- one is Aadhaar and the other is Non-Aadhaar.
Can I open new EPF account?
Currently, as per the EPF rules, once a member changes his/her job, a new EPF account is opened with the new company. The employee is required to transfer the money held in the EPF account with the previous employer to his/her new employer.
Is EPF better than PPF?
Comparison between EPF & PPF The interest rate on investments in EPF is 8.1% while it is 7.1 % for a PPF account. The money in the EPF account can be withdrawn when you resign from job. But, the deposited amount in PPF cannot be withdrawn until maturity which is 15 years from the date of depositing the amount.
Can employee create UAN number?
New Delhi: When you join the Employees Provident Fund, you must have a UAN number. Employers can generate Universal Account Numbers (UAN Numbers) for their employees using the Employees’ Provident Fund Organization’s (EPFO) portal. Individual users can also generate their UAN numbers on the internet.
How can I get my UAN member ID?
Every time you change jobs, the EPFO, on intimation, will allow you a new member identification number (ID), which will link to your existing UAN. You can raise a request for the member ID either directly with EPFO or do it with your employer so that they can use your UAN to request the EPFO for a new member ID.
Can I have EPF and PPF?
A PPF account can even be opened in the name of minor and housewives. There is no restriction on an employee having EPF account also having a PPF account.
Can I have 2 PF accounts?
The Central Government has recently announced the Employees’ Provident Fund (EPF) and Voluntary Provident Fund (VPF) can have 2 separate PF accounts.
What is difference between EPF & PF?
PF is the popular name for EPF or Employees’ Provident Fund. It is a government-established savings scheme for employees of the organised sector. The EPF interest rate is declared every year by the EPFO (Employees Provident Fund Organisation) which is a statutory body under the Employees’ Provident Fund Act, 1956.
Can I open both EPF and PPF?
Yes you can. But you can claim a tax deduction of only ₹1.5 Lakh per financial year under Section 80C for all your eligible investments put together.
How can an employee create an EPF account?
For registration on Member Portal, the member should click on the link “Member Portal” under category “FOR EMPLOYEES” on the Home page of EPFO website www.epfindia.gov.in . The following screen would appear: Click “Register” to continue. Following screen would appear: Page 2 Please enter the details.
Can I open PF account without employer?
It is open to everyone – employed, self-employed, unemployed, or even retired. It is not mandatory and anyone can contribute any amount to the PPF subject to a minimum of Rs 500 and a maximum of Rs 1.5 lakh per year. It has a fixed return which is set by the government every quarter.
How can I get UAN number and password?
Visit the UAN portal at unifiedportal-mem.epfindia.gov.in/memberinterface/ Then select the ‘Know your UAN Status’ option. From the drop-down menu on the following page, select your state and EPFO office. Enter your PF number/member ID, as well as your name, date of birth, phone number, and captcha code.