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Provident FundEPF - For EmployeesFor New Entrants: Enrolment: An employee is eligible for membership from the day he joins the covered establishment. If the employee’s emoluments exceed Rs. 6,500/- per month, he has the option to join the Scheme(s) with the consent of employer. Declare previous employment details, if any, in Form No. 11 to the employer. On becoming a member of the Schemes file details in Form No. 2 ( family particulars/ nominations) through the employer. Rate of contribution payable by a member shall be @ 12% of his emoluments. A member can contribute statutarily over and above the prescribed rate. For Existing Members: Enrolment: Any change in the family status, such as, - marriage of the member. additions / deletion in the family. Legal adoption of the children. Change of nominee, is to be filed in Form No. 2 through the employer. In the event the member is holding a Scheme Certificate (under EPS, 95), he should surrender the same to the concerned EPFO office, through his employer. A member is entitled to various benefits & facilities such as withdrawals, advances, pensions, death insurance etc.
source:http://www.epfindia.com/for_employees.htm ~ ngoportal |
