employees provident fund(epf)
TRANSCRIPT
BankBazaar.com
Bangalore, India
bankbazaar.com
Stop Applying.. Start Shopping..
BankBazaar.com
bankbazaar.com
Employees Provident Fund :
EPF or Employees Provident Fund is commonly called as provident fund by many of us. It is a pension fund that gets contributions both from you and your employer(s).
BankBazaar.com
bankbazaar.com
The contribution is limited to 12% of the employees basic wages, dearness allowance and retaining allowance (if there). The total contribution from both parties thus adds up to 24%.
bankbazaar.com
Earlier, in order to check the account balance and the funds in the EPF account, one had to have a hard copy of the PF passbook that would be checked at the bank and relevant details matched up before the cashier or checker could update the balance in the passbook as and when asked.
bankbazaar.com
Some people even had the habit of getting to check it every month. That now has become an easier way through the online porting of the EPF system. Hard copies of passbooks are no longer being issued by EPFO.
bankbazaar.com
For More Info Visit:
https://www.bankbazaar.com/saving-schemes/how-to-check-your-epf-balance-online.html