Check EPF payment Online through SBI - PowerPoint PPT Presentation

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Check EPF payment Online through SBI


We bring here a guide to EPF online payment for employers. Online EPF payment is mandatory for all companies of the amount of the monthly contribution. – PowerPoint PPT presentation

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Title: Check EPF payment Online through SBI

Check EPF payment Online through SBI
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The EPF is employees provident fund scheme and
the most common form of saving and investment
among salaried people. A small portion of salary
is deducted every month and invested in the EPF
The same amount is contributed in the every PF
account by the employer on monthly basis. If you
are a member of EPFO Pay EPF Online, you should
know certain most basic facts of EPF. The funds
under EPF scheme are solely maintained by the
EPFO has established regional offices in all the
states. It works under the control of the
Ministry of Labour Employment. Knowing EPF,
its interest rates, benefits and rules and Pay
EPF Online is very significant.
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PF account also offers many benefits like loan
for specific reason, regular funding for
investments like LIC, and tax exemptions.
Know the Benefits of your EPF Account Here are
the most important points every EPF member should
know Nomination You can nominate a person for
the amount of PF you are contributing monthly.
The nominee mentioned in the PF account is handed
over the amount after the deceased person. The
Form 2 is needed to be filled up and submitted to
the EPFO to nominate a person.
If EPF amount is invested in equities, it can
give good rate of returns. EPFO has started
investment in the equities too. The government
has already given approval to 5 to 15 of the EPF
amount to be invested in the stock market.
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The employee pension scheme or EPS is given 8.33
of the employers contribution. Or maximum Rs.
1250 from the employers contribution goes to the
pension scheme. You should transfer your EPF.
whenever you change job to be eligible for the
pension. You should also transfer your EPF
Payment Online through ICICI via net banking or
dabit card
If your basic pay is more than Rs. 15,000 then
you can voluntarily opt out of becoming EPF
member. But if you are already an EPFO member,
you cannot opt out. RTI you have right to file
an RTI if you are unable to know any detail about
your EPF account.
Now, the EPFO portal is offering online facility
of checking PF balance amount and EPF claim
status. Follow us for more information and
updates on employees provident fund.
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