The registration of an establishment under the provident fund organisation becomes mandatory, the moment total number of employees in the organisation reaches twenty in number. To count the statutory limit of 2o even contract employees are counted apart from the employees employed through a subsidiary company. You should be very careful in determining the eligibility of your organisation for PF Enrollment. The application for the EPFO Coverage should be made within 30 days of reaching the threshold limit of the twenty.
The application for PF Registration is made online with the Digital Signature of one director or the Authorised Signatory of the company. We assist you to ascertain the coverage and applicability of the PF and file application for registration on your behalf to the PF Office, draft all documents and do a followup with the department for issuance of the registration number of the establishment.
Benefits of EPF Registration online
Pension Coverage
Besides the contribution of the employee to EPF, the employer adds an equal amount which is inclusive of Employee Pension Scheme (EPS). Therefore, EPF Registration saves you a robust pension.
Cover of Risk
In case of instances like illness, demise or retirement, EPF registration online helps the dependents of the employee by covering the financial risks they face in such situations.
Single Account/one EPF Account
The PF online account can be transferred while switching jobs. Universal Account Number(UAN) linked to the Aadhar will start to facilitate the linking of the previous accounts. It can be carried forward to the new employer instead of being closed down. This uniformity ensures that the rate of return is compounded over the years.
Emergency Fund
Emergencies are bound to happen at any point of time in life. EPF amount can be of great help during mishaps, illnesses, weddings and educational expenses. Employees can make claims online.
Employee Deposit Linked Insurance Scheme
Any person who has PF online account is eligible for this insurance scheme that requires only 0.5 % of the salary deduction as premium.
Extended Goals
The PF account can be extremely helpful for long-term goals like buying a property or setting up a fund for children.
Checking the EPF balance
The members who are registered under the UAN portal can get the details which are available at the Employee Provident Fund Organization (EPFO) by just giving a missed call to 011-22901406 from their registered mobile number. If the member’s UAN is linked with the bank’s account number, PAN card or Aadhar number, then the member can easily get the PF registration online application and previous contribution details Activated members of the UAN can get to know their previous EPFO balance and PF contribution by sending an SMS to 7738299899 from their registered mobile.
- Step 1: Employees can visit the official EPFO website at https://unifiedportal-mem.epfindia.gov.in/memberinterface to activate their UAN online
- Step 2: Fill up all the required fields, including UAN, Member ID, Aadhar number, PAN number, etc
- Step 3: Next, enter your information (name, address, and phone number) and complete the form by typing the captcha that appears on the screen
- Step 4: The employee will receive an OTP on his mobile device after filling up these credentials
- Step 5: Validate the OTP and activate the UAN.
How to Apply PF Online?
The PF Registration online can be a great support, safety and assurance for employees as it offers a sense of financial security to the employees. It is regulated by the Employees’ Provident Fund Organization (EPFO), which is also one of the most well known and biggest Social Security Organisation in India. They handle huge amounts of financial transactions on a daily basis. The process of pf online apply is also not a difficult task as long as you have a professional to help you sort things out.
At KhataDekho, we guarantee that you do not have to go through the legal complexities of EPF Registration online . Once we get the required information and the documents, our experts fill the forms accurately and submit them on time. Our team takes the responsibility of follow-ups and delivers you the PF number at the earliest time as possible.
Documents Required for PF Registration Online
Any business that wishes to apply for PF registration online needs to submit the following mandatory documents:
- PAN card of establishment
- Certificate of incorporation
- Cross cancelled cheque of establishment
- Address proof that is in the name of the establishment. It can be:
- Rent agreement
- Water
- Electricity
- Telephone bill
- Specimen signature of directors and authorised signatories
- DSC registration of the authorised applicant
- In case of voluntary registration, consent of the majority of employees
In some entities the underlying may also be needed:
- First sale bill
- First purchase bill of raw material and machinery
- GST registration certificate
- Bankers details
- Record of a monthly employee strength
- Register of salary and wages
You just need to collect the mandatory documents and send a copy of each document to us. The rest will be handled by the efficient team at Vakilsearch. From filing the form to verification processes and legal formalities, we handle it all!
Important Point of Provident Fund (PF) Registration
When it comes to PF registration the following three aspects has to be followed for sure:
Compulsory Registration
If an establishment has 20 or more employees, it must register with the PF department within 30 days of that milestone. This amount is independent of salary.
Voluntary Registration
With the employee’s permission, the employer can also look into optional coverage for its business so that its staff members can take advantage of the provident fund.
ESIC with PF Registration
ESIC registration is also necessary because it must be obtained when the number of employees reaches 10, whereas PF registration is only necessary when the number of employees reaches 20.
