What is EPF?
The Employees’ Provident Fund or EPF, is a popular savings scheme established by the EPFO and overseen by the Government of India. Employees and employers both contribute 12% of their basic salary and dearness allowance to EPF. The interest rate on EPF ranges around 8%. The current annual interest rate on EPF deposits is 8.15%. EPF stands for Employees’ Provident Fund. The interest earned on the EPF is tax-free and can be withdrawn without penalty. Employees receive a lump-sum payment upon retirement, which includes accrued interest. Individuals can apply for EPF and avail of many online services by visiting the official website. The EPF web portal is an easy-to-use interface that ensures that services are delivered in a transparent, efficient, and trouble-free manner.
Table of Content
- Benefits of EPF
- Why is It Important to Register for EPF?
- How to Check EPF Balance Online?
- How Can EPF be Withdrawn?
- Documents Required For EPF Registration
- Steps For EPF Registration for Employers
- Frequently Asked Questions