A representative who can’t join the EPFO should talk with the Regional Provident Fund Commissioner at the nearest Provident Fund (PF) Office. This retirement reserve authority controls the representative’s participation autonomously for every foundation where the individual in question is utilized.
Separate EPF records or member IDs will be utilized to follow the enrollment.
1) An individual isn’t qualified to join the PF in case they are working at business premises without being paid. Participation is just allowed in situations where the worker gets installment from the business.
2) An individual from the EPF can’t drop their participation while they are as yet working.
(3) There is no time limit on participation. One can keep up with their participation even in the wake of leaving the foundation.
4) If a part’s PF account doesn’t have a commitment for a considerable length of time, the record won’t keep on gathering revenue after the third year.
5) Membership will be kept up with on the off chance that a foundation is shut, locked out, or has a strike. There will, be that as it may, be no commitment recuperation.
A part pays into his EPF 12% of his essential compensation, and the business contributes a similar sum. The business pays the commitments front and center.
As per claims made on the site, EPFO is one of the biggest government backed retirement associations on the planet as far as customer base and the volume of monetary exchanges it handles. It as of now keeps up with 24.77 crore represents its individuals (Annual Report 2019-20).
The sum paid by the business will be displayed on the Provident Fund (PF) explanation of Account/Member Passbook every year. You can see the times the business was in default by looking at the Passbook.
Assuming the part has actuated their UAN (Universal Account Number), the e-passbook can be utilized every month to check on the off chance that commitments have been paid or not.
