Provident Fund – Employee

By March 30, 2011 February 4th, 2015 Provident Fund

For Employees
For New Entrants:

  • Enrolment: An employee is eligible for membership from the day he joins the covered establishment.
  • If the employee’s emoluments exceed Rs. 6,500/- per month, he has the option to join the Scheme(s)  with the consent of employer.
  • Declare previous employment details, if any, in  Form No. 11  to the employer.
  • On becoming a member of the Schemes file details in Form No. 2 ( family particulars/ nominations) through the employer.
  • Rate of contribution payable by a member shall be @ 12% of his emoluments.
  • A member can contribute statutarily over and above the prescribed rate.

For Existing Members:

  • Enrolment:
  • Any change in the family status, such as, –
    • marriage of the member.
    • additions / deletion in the family.
    • Legal adoption of the children.
    • Change of nominee, is to be filed in Form No. 2 through the employer.
  • In the event the member is holding a Scheme Certificate (under EPS, 95), he should surrender the same to the concerned EPFO office, through his employer.
  • A member is entitled to various benefits & facilities such as withdrawals, advances, pensions, death insurance etc.

For more details visit Provident Fund India Website

Leave a Reply