Any business that wishes to apply for PF registration online needs to submit the following mandatory documents:
In some entities the underlying may also be needed:
You just need to collect the mandatory documents and send a copy of each document to us. The rest will be handled by the efficient team at Vakilsearch. From filing the form to verification processes and legal formalities, we handle it all!
In India, the Employees’ Provident Fund (EPF) is the main way for employees to save for retirement. It’s run by the Employees’ Provident Fund Organisation (EPFO). The Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, sets out who can join:
Besides the contribution of the employee to EPF, the employer adds an equal amount which is inclusive of Employee Pension Scheme (EPS). Therefore, EPF Registration saves you a robust pension.
In case of instances like illness, demise or retirement, EPF registration online helps the dependents of the employee by covering the financial risks they face in such situations.
The PF online 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.
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. Employees can make claims online.
Any person who has PF online account is eligible for this insurance scheme that requires only 0.5 % of the salary deduction as premium.
The PF account can be extremely helpful for long-term goals like buying a property or setting up a fund for children.
