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Schemes

EPF Scheme

Building Financial Security for Your Future

The Employees' Provident Funds Scheme, 1952, is a social security initiative in India that is administered by the Employees' Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment, Government of India. The scheme is part of a larger legislative framework known as the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.

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Who It Covers?
Employees below ₹15,000 per month (mandatory).
Private sector employees in covered establishments.
Age group: 18–54 years.
Must be an Indian resident.
Voluntary coverage for higher salaried employees.
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Benefits of EPF Scheme
Retirement Savings
Tax-Free Growth Interest earned
Employer Contribution
Security for Family
Partial Advance withdrawals
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Key Features
12 % Contribution Rate
Online Passbook Access
Easy account Transfer
Nomination Facility
Full Withdrawal Options

More About EPF Scheme

Plan your retirement, check your pension, and calculate benefits easily

about-epf

  • Both employee and employer contribute 12% of basic wages + dearness allowance.
  • Employee’s entire contribution goes to EPF.
  • Employer’s share is split between EPF, Employees’ Pension Scheme (EPS), and Employees’ Deposit Linked Insurance (EDLI).
  • Contributions are mandatory for salaries up to ₹15,000, with voluntary option for higher wages.

  • Each member is allotted a Universal Account Number (UAN) for portability across jobs.
  • Online services: balance checks, passbook download, account transfer between employers.
  • Nomination facility ensures smooth fund settlement in case of death.
  • Aadhaar-linked accounts enable faster verification and settlements.

  • Full withdrawal allowed at retirement (58 years), permanent disability, or unemployment (after 2 months).
  • Partial withdrawals/advances permitted for housing, medical treatment, children’s education, or marriage.
  • Emergency provisions exist for natural calamities, job loss, or abnormal situations.
  • Funds earn tax-free interest and are meant to build long-term retirement savings.

  • Administered by the Employees’ Provident Fund Organisation (EPFO) under the Ministry of Labour & Employment.
  • Managed by a Central Board of Trustees, including representatives of government, employers, and employees.
  • Board is responsible for policy decisions, fund management, and ensuring compliance.
  • Regional offices and committees oversee implementation, audits, and claim settlements.

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