Employees'
Provident Fund
Your Secure Retirement Savings Scheme—building your future wealth with guaranteed returns.
8.25%
FY 2024-25
24%
of Basic + DA
5 Years
Full Benefits
What is EPF?
The Employees' Provident Fund (EPF) is a savings scheme set up by the Government of India in 1952 to help employees save for retirement. Every month, both you and your employer contribute a small amount to your EPF account while you're working.
Key Benefits
- • Safe & government-managed savings
- • Tax benefits under Section 80C
- • Higher interest rates than traditional savings
- • Pension after age 58 (EPS)
- • Life insurance coverage (EDLI)
Managed by EPFO
Your personal retirement fund is managed by the Employees' Provident Fund Organisation (EPFO), ensuring security and regulatory compliance.
Contribution Structure
Monthly Contribution Breakdown
Goes entirely to EPF account
*Based on ₹15,000 as Basic + Dearness Allowance
Special Cases & Additional Benefits
When Employee Contributes Only 10%
- • Company has fewer than 20 employees
- • Company declared sick unit by BIFR
- • Certain industries (coir, guar gum, beedi, bricks, jute)
- • Salary below ₹6,500
Additional Employer Contributions
- • 0.5% towards Life Insurance (EDLI)
- • Admin charges (total ~13.61% contribution)
Interest Calculation Example
Starting Month: April 2024
Annual Interest Rate
8.25%
Monthly Interest Rate
0.687%
Total Monthly Addition
₹2,350
| Month | Opening Balance | Monthly Contribution | Monthly Interest | Closing Balance |
|---|---|---|---|---|
| April 2024 | ₹0 | ₹2,350 | ₹16.14* | ₹2,350 |
| May 2024 | ₹2,350 | ₹2,350 | ₹32.29* | ₹4,732.43 |
*Interest is calculated monthly but credited annually on 31st March
Eligibility & Registration
Employee Eligibility
- Eligible from first day at an EPF-offering organization
- Mandatory for companies with 20+ employees
- Covers all states including Jammu & Kashmir and Ladakh (since 2019)
Universal Account Number (UAN)
Your 12-digit lifelong EPF ID that stays constant throughout your career. Manage your EPF online through UAN portal.
Quick Access Methods
UMANG App
View passbook, raise claims, track status
EPFO Portal
Online services, forms, KYC update
Balance via SMS
EPFOHO UAN ENG
to 7738299899
Missed Call
9966044425
Tax Rules (Updated 2021 Onwards)
Taxation Changes
Before FY 2021-22:
EPF deposits and interest were fully tax-free
From FY 2021-22:
- • Interest on contributions above ₹2.5 lakh/year is taxable
- • If employer doesn't contribute, limit is ₹5 lakh/year
- • TDS @ 10% (with PAN), 20% (without PAN)
Example Calculation
@ 10% (with PAN provided)
EPF Forms for Different Needs
| Form Number | Form Name | Purpose / Used For | Category |
|---|---|---|---|
14 | Form 14 | Buying an LIC Policy or investing in LIC's Mutual Funds | Insurance Related |
11 | Form 11 | Transferring EPF account to new employer | Account Transfer |
13 | Form 13 | Transfer without registered DSC (Digital Signature Certificate) | Digital Transfer |
20 | Form 20 | Claim in case of employee's death (by nominee/legal heir) | Death Claim |
2 | Form 2 | Nomination for EPF & EPS (Employee Pension Scheme) | Nomination |
5 IF | Form 5 IF | EDLI insurance claim (Employees' Deposit Linked Insurance) | Insurance Claim |
15G | Form 15G | To avoid TDS on EPF interest (for individuals below taxable limit) | Tax Related |
5 | Form 5 | New employee registration (initial joining details) | Registration |
CF | Composite Form | Final settlement, pension withdrawal, or part withdrawal | Multi-purpose |
Important Notes about EPF Forms:
- • All forms are available for download on the EPFO official website
- • Digital submission available through UAN portal for most forms
- • Keep digital copies of submitted forms for reference
- • Forms may require employer attestation for verification
- • Processing time varies from 15-30 days depending on form type
Key Features & Benefits
Automatic Transfer
EPF accounts auto-transfer on job change from April 2024
Nomination Required
Mandatory for online passbook access, ensures family security
Life Insurance
EDLI coverage through employer's 0.5% contribution
Partial Withdrawal
Allowed for medical, home loan, education, and emergencies
Inactive Accounts
After 36 months of no deposit, still earns interest until retirement
Pension Benefits
EPS provides monthly pension after age 58
Withdrawal & Online Services
EPF Withdrawal Rules
Full Withdrawal Allowed If:
- You retire from service
- You're unemployed for over 2 months
Partial Withdrawal Allowed For:
- • Medical emergencies
- • Home loan repayment
- • Higher education
- • Marriage expenses
- • Home construction/renovation
Online Withdrawal Process:
- 1. Log in to UAN portal (Aadhaar-linked)
- 2. Go to Online Services → Claim
- 3. Enter bank details and verify
- 4. Select purpose and amount
- 5. Employer approves → Money in 15–20 days
Customer Support & Grievances
Contact Information
Toll-Free Helpline
1800118005
Head Office
Bhavishya Nidhi Bhawan, 14 Bhikaji Cama Place, New Delhi – 110066
Grievance Portal
EPFiGMS.gov.in
- Register complaints online
- Track complaint status
- Transparent resolution process
- Escalation mechanism available