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What Is EPF

What Is EPF-

It is a type of investment. Namely By a Government Employee Or a Non-Governmental Company. What Helps Her With Her Future. This Fund is Managed by Epfo (Employee Provider Fund). According to the Rules of Law, the Company Has More Than 20 Working People. Its Registration Required In Epfo (Employee Support Fund Organization). Underneath this, a portion of the Income of Income Is Entered Here Monthly. And This Money Is Useful When Someone Is Unemployed, And At Retirement. How much EPF is collected from the salaries EPF.

What Is EPF

Whenever You Are In Any Company Or Any Place Registered By EPFO. Work Inside and Get a 12% Discount on Your Salary, and 12% of Your Salary at the Company or Organization You Work for. Must be Included in EPFO. A Note To Note That 12% Of The 12 Deductions From Your Earnings Will Go To Your EPF Account. But 3.67% Go To EPF And 8.33% Go To EPS (Employee Pension Scheme) For Your Company. And If Your Basic Income Is More Than 6500 Then 8.33% Of The maximum Of 6500 That Is 541 Will Be Added To EPS By Your Company Or Employer. The rest of the money will go to EPF. In this way, a total of 24% was added to your PF, which you can withdraw by quitting any job. How much interest is earned on EPF-

Annual Interest Also Paid By Government In EPF. The interest rate is set by the government and the central board of trustees. Currently, the rate is 8.75%. But the point to note is that interest is only available on the EPF shares and not on pension funds. That is, as we have already mentioned, 3.67% of the 12% of Employees Added to Retirement. You are not interested in this. I do not want to cut my puff can it be-

Yes, if you are going to start your career first. So you can avoid opening your EPF account by filling out Form 11. But Remember That If You Open An Employee Provident Fund Account With Any Other Employer Even Once, You Will Not Do This.


How can I check my pf balance-

Until Later You Can Check Your Balance In EPfindia.Gov.In Only With PF Number But Now This Service Is Suspended. There are several ways to check EPF balance. You can also download the PF check and passbook by UAN number. But for this, Your UAN Must Work, And KYC Must Be Authorized. Then You Can Also Register Your Mobile Number In Your UAN (Universal Account Number) By Missing 01122901406 PF Balance Unknown.

Conclusion:-
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