by Audit Analyst | Dec 30, 2025 | Employee Provident Fund
Administrative Oversight. The Ministry of Labour and Employment is the nodal ministry for the EPF scheme. It provides policy direction and administrative supervision to the Employees’ Provident Fund Organisation (EPFO). The Ministry ensures the implementation of the...
by Audit Analyst | Dec 30, 2025 | Employee Provident Fund
Role of EPF in Financial Planning. EPF is a long-term, compulsory retirement savings tool for salaried individuals. It offers stable, government-backed returns with annual interest compounding. It helps accumulate a sizable retirement corpus through monthly...
by Audit Analyst | Dec 30, 2025 | Employee Provident Fund
Understanding the PF Number. The PF number is a unique identifier for an employee’s provident fund account. It is assigned by the employer when the employee is registered under EPF. This number reflects the establishment and member details. It is different from the...
by Audit Analyst | Dec 30, 2025 | Employee Provident Fund
Employee Registration and Nomination Forms. Form 2: Used for declaration and nomination under the Employees’ Provident Fund and Pension Scheme. Form 11: Declaration form for new joinees to declare existing UAN and previous employment details. These forms are mandatory...
by Audit Analyst | Dec 30, 2025 | Employee Provident Fund
Limited Liquidity. EPF funds cannot be withdrawn freely before retirement. Full withdrawal is allowed only after two months of unemployment. Partial withdrawals are permitted only under specific conditions such as housing, illness, or education. Early withdrawal may...
