New Delhi: EPFO subscribers deposit an annual amount equalling 12 per cent of their base pay into their EPF account to ensure that they have a corpus to fall back on when they retire and also have access to pension on superannuation. EPFO in a YouTube video on its official channel shared the duties and responsibilities of employees to ensure that their PF deposit is being credited properly and smoother withdrawal on retirement.
Check whether your employer is covered by EPFO
On the official EPFO website click on “establishment search” under the for employees section. You will be redirected to the Establishment information search page where you can search the company by:
Old office code
Office
PIN code
Establishment code
Establishment name
What is form 11 of PF?
Form 11 is the self-declaration filled by every employee when joining a company. If the establishment is registered with EPFO, ensure that you have filled Form 11 correctly. Ensure that you have filled all your details, including Aadhaar number, correctly.
Activate UAN
Once you have registered with the company and received your universal account number, ensure that you have activated it, to ensure that you have online access to EPFO’s online services.
EPFO details seeding
Ensure that your personal information is seeded correctly by the employer:
Aadhaar
PAN
Bank account
Mobile number
Ensure that your name, father’s name, date of birth and gender are mentioned correctly in EPFO records and in line with your official documents.
Any discrepancies can be rectified using joint declaration mode.
Monitor PF account history
Monitor your PF balance on a regular basis to ensure that your employer is crediting the amount on a regular basis.
Flag any discrepancies to your employer and EPFO.
Link old account while changing jobs
When you are changing jobs, ensure that your old PF account is linked to your new PF account. Fruther, if you have been assigned more than one UAN, snure that your PF is transferred and merged with the new UAN.
File e-nomination
It is of utmost importance to ensure that you have filed your e-nomination at the earliest so that your family or nominees do not face any problems in withdrawing your corpus in an unforeseen event.
Cyber awareness
Ensure secrecy of OTP as well as EPFO login credentials
Beware of fake websites and phishing emails
EPFO’s official website domain is:
www.epfindia.gov.in
UMANG is the only authorised app for accessing your EPFO account.
Do not treat your PF account as a regular savings account. It provides your long-term financial security in your old age. So avoid making unnecessary withdrawals from the corpus.
EPFO withdrawal: From entering correct details in Form 11 to ensuring accuracy of details in your EPFO records, here are some duties and responsibilities that PF subscribers must pay attention to. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
