Provident Fund Registration Services

• Payment: 15th of every month
• Returns: May 25th of every month
• These were the documents filed by the company. The employee has to submit two copies of the family photo.

• To be eligible for PF Registration, an organization has to fulfill the following criteria:
• A factory with the total employee strength of 20 or more.
• An establishment that employs more than 20 persons. Here, the Central Government defines the class of such firms.
• An establishment that has less than 20 workers and has been notified of compulsory registration for not less than 2 months.
• Companies with less than 20 employees (Note: Such companies must issue a notice to the Employees’ Provident Fund Organization in 2 months or less than that)
• The employer and the employees of an establishment must mutually agree to apply for PF to the Central PF Commissioner. A notification has to be sent to the Official Gazette from the date of the agreement.
• Every employee is eligible for PF right from the beginning of his employment. The responsibility of PF contribution and deduction is of the employer’s.

Pension Coverage

• Besides the contribution of the employee to EPF, the employer adds an equal amount which is inclusive of Employee Pension Scheme (EPS). Therefore, EPF saves you a robust pension.

Cover of Risk

• In case of instances like illness, demise or retirement, Provident Fund helps the dependents of the employee by covering the financial risks they face in such situations.

Single Account/one EPF Account

• The PF account can be transferred while switching jobs. Universal Account Number(UAN) linked to the Aadhar will start to facilitate the linking of the previous accounts. It can be carried forward to the new employer instead of being closed down. This uniformity ensures that the rate of return is compounded over the years.

Emergency Fund

• Emergencies are bound to happen at any point of time in life. EPF amount can be of great help during mishaps, illnesses, weddings and educational expenses. Employee can make claims online.

Employee Deposit Linked Insurance Scheme

• Any person who has PF account is eligible for this insurance scheme that requires only 0.5 % of the salary deduction as premium.

Extended Goals

• The PF account can be extremely helpful for long-term goals like buying a property or setting up a fund for children.

Checking the EPF balance

• The members who are registered under the UAN portal can get the details which are available at the Employee Provident Fund Organization (EPFO) by just giving a missed call to 011-22901406 from their registered mobile number. If the member’s UAN is linked with the bank’s account number, PAN card or Aadhar number, then the member can easily get the PF balance and previous contribution details.

• PAN card of establishment
• Certificate of incorporation
• Cross cancelled cheque of establishment

Address proof that is in the name of the establishment. It can be:

• Rent agreement
• Water
• Electricity
• Telephone bill
• Specimen signature of directors and authorized signatories
• Digital signature of the authorized applicant
• In case of voluntary registration, consent of the majority of employees

In some entities the underlying may also be needed:

• First sale bill
• First purchase bill of raw material and machinery
• GST Registration Certificate
• Bankers details
• Record of a monthly employee strength