Frequently Asked Questions

EPF India Frequently Asked Questions!

Is Contribution to the EPF Mandatory?

After 01.09.2014, Employee whose Basic Salary + DA is up to Rs. 15,000/- has to mandatory contribute to Employees’ Provident Fund! For those whose basic salary is more than Rs. 15,000/- they may voluntarily contribute to EPF however it is not compulsory but it is recommended for everyone to contribute to EPF.

When I change my job what I should do?

If you join another employer after leaving previous one; your EPF Balance can be transferred from one employer to another. Your previous funds will also get transferred to your new employer. In case you leave your job and do not intend to join another job for next six months then you can withdraw your Provident Fund but you have to submit a declaration that you are not going to join any job for next six months.

What is rate of interest on EPF Account currently?

Every year Central Government revises Interest rate on EPF India according to revenues generated by EPFO in previous financial year. For Financial year 2012-13 Rate of Interest on EPF is 8.50 %.

How I can check my EPF Account Online?

The beneficiaries who are currently contributing to EPF can check their EPF Balance Online Here!

When I can withdraw money from EPF Account without Leaving the Service?

You can withdraw money or an Advance Loan from your EPF account for some very important reasons like Marriage of yourself and children, Education of your children, purchase/construction of house and medical emergencies. You should keep in mind the following points when you are going to withdraw money from EPF account.

1. You can withdraw maximum 50 % of your contribution to EPF account.
2. You can withdraw only 3 times during you hold your EPF account.
3. You should have completed minimum seven years of service at the time of withdrawal. (In case of medical emergency no minimum service period is required. Although maximum amount you can withdraw is 6 times of your basic salary. However you have to provide hospitalization bill for proof.)
4. You can withdraw funds for purchase/construction of house only once in your lifetime. The minimum period of service is 5 years. Maximum amount you can withdraw is 24 times of your basic salary for purchase and 36 times of your basic salary for construction of house.

What if I want to contribute more than 12% of basic salary?

You can contribute as much you can but this contribution is called voluntary contribution. However the employer is not bound to contribute same percentage. Moreover same rules regarding interest rate, transfer, withdrawal etc. apply to this extra fund.

What is the use of my EPF contribution and what is its break-up?

Your EPF contribution is deposited into three schemes according to EPF & MP Act 1952.

1. 1. Employee’s provident Fund (EPF 1952)
2. 2. Employee’s Deposit Linked Insurance Scheme (EDLIS 1976)
3. 3. Employee’s Pension Scheme (EPS 1995)
4. 4. Check the rate of contribution here

Where can I check my Claim Status?

Check your EPF Claim Status here!

What is difference between EPF and PPF? Which one is better?

Both PPF (Public Provident Fund) and EPF (Employee Provident Fund) are government approved long term investment plans. Most of people have confusion between two. The main difference between EPF and PPF is that EPF is a mandatory contribution by employees while PPF is a statutory deposit scheme of central government. PPF provide retirement security to other sectors like self-employed person or businessman, Whereas EPF is available for salaried employees.

Where I can put my EPF grievances?

You can locate your regional EPF office in the window below and put your grievances at your local office or you may raise your Grievance here at our Android App..

What is UAN Number?

UAN is Universal Account Number. UAN No is Mandatory Now! You should download this Android App EPF Balance UAN e-Sewa and get your UAN Registered and avail all facilities…

How to Register for Universal Account Number

Check here!