How to operate your EPF account online

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    How to operate your EPF account online

I am writing about "How to operate your EPF account online".EPF is one of the best options for saving money. EPF gives 8.5% rate of interest on your saving amount it is compound interest. When employee join in Limited company or Private Limited company then company open employee Employee Provident Fund(EPF) account.As per company law 12.5% share of Employee and a 12.5% share of Employer compulsory. But currently, the company deduct total 25% from CTC of an employee.EPF is one of the most popular Govt. saving scheme and pension scheme after the age of 60. You can submit your request ONLINE for the following work:

• PF WITHDRAWAL
• PF SETTLEMENT
• PF TRANSFER
• PF CLAIM

Stepwise process how to open EPF account and track transactions in passbook digitally online :

Step1: After joining the company give personal detail to the HR department and ask to open a EPF account.

Step2:Your company will open your EPF account and provide you Universal Account No. ( UAN No.).This UAN will be valid for a lifetime.

Step3:Now this UAN No is your account no use this UAN No as user Id and create password online .website https://unifiedportal-mem.epfindia.gov.in/memberinterface

Step4: Now fill your profile and link your Bank account no and AAdhar No.

Step5: Now select passbook for tracking all transaction and balance amount. use another website for passbook:https://passbook.epfindia.gov.in/MemberPassBook/Login

Now write your UAN No and password and open website.

Step 6:After 5 years you can apply for partial withdrawal from your EPF account or you can take the loan against your saving amount. When you leave the company then after 1 month when you are unemployed then you can apply for PF withdrawal. When you change the company then you can transfer your PF accounts to a new company with same UAN No.your UAN will not change.

Step 7:After 60 year age you can apply for full withdrawal of EPF saving amount, and after the age of 60, your pension scheme will start.

Note: Now your passbook will display after 24 hours after your request for passbook.

After 5 years you will get Gratuity from the company if you are in the same company for 5 years.

For creating a password you should take one capital letter and one small letter and one numeric digit. Password will be at least 6 digits.

PF WITHDRAWAL Rule:

1.After leaving the company or after termination from the company, Employee can get PF advance amount after 1 month unemployment advance 75%  can withdraw and if unemployed in the 2nd month then balance 25%.withdraw. 90% PF amount withdraw after 55 year age and 100% after age 60. You can extend your PF money after 60 years age. Get pension after the age of 60. You can contribute more than 12.5% in your EPF account.

PF SETTLEMENT RULE


When you withdraw the money from EPF accounts and not able to deposit the withdrawn money in a given time period then you can settle the balance amount with EPF office.  


You can check your EPF Balance amount through missed call.

Missed Call Number: 01122901406

I hope that you will like this Blog "How to operate your EPF account online ".I always try to give complete information about the article so that reader never goes to search other site or the Internet.

It will save readers time and readers receive all information at the same place. If you have any doubt or want to modify the article, then please comment below.

I hope that you will like this article or you will learn something from this article. If you like this article then share it on Social Network like Facebook, Twitter and Social media.  

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