EPF or Employee Provident Fund, is the govt.-managed retirement saving scheme which provides social safety net to employees after their retirement. EPF is applicable on all private and public employees working under formal sector only. This fund is managed by Employees Provident Fund Organization of India (EPFO). Under this scheme, matching contributions up to 12% of salary has been paid by the employees and employers in each.

PF mission is to extend the Reach and Quality of publicly managed old age income security programs through consistent and ever-improving standards of compliance and benefits delivery in a manner that wins the approval and confidence of members in our methods, honesty and integrity

PF issue has been attracting so much attention because of the following reasons:

PF is a contribution of 12% from basic salary with an equal contribution from employer. However employers have tried to shift the burden of their contribution also to employee thereby causing a huge cut in salaries

The low wage structure prevailing in our country adds to the problems because almost almost 30 million out of 37 million provident fund contributors get a salary less than 15000. In spite of this cut in the form of epf and non withdrawal clause has raised concern among many.

PF maintains a large corpus of 1.7 trillion dollars. So this automatically raises attention from every corner.

The improved service delivery by epfo through transferable 12 digit number and also online services has raised awareness among people

Documents are required in case of Proprietor/Partner (Soft copy):

  • PAN Card.
  • Address Proof(Like-Aadhar card/Voter card)
  • Certificate of Registration
  • Partnership deed.

Documents are required in case of Firm:

  • PAN card of company/society/trust.
  • Certificate of Incorporation.
  • Cancelled cheque.


The Employees’ Provident Fund (EPF) is a retirement benefit scheme that’s available to all salaried employees working in a formal sector.

Under this scheme, matching contributions upto 12% of salary has been paid by the employees and employers in each.

For those who have a basic salary of up to Rs. 6500, contributing to the EPF is mandatory. Contributions are voluntary for those whose basic salary exceeds Rs. 6,500.

You can withdraw from your EPF account on the account your children’s education, marriage of self, children and siblings, purchase/construction of a house, or any medical emergencies etc. withdrawal is subject to certain conditions, non-compliance of which would result in penal interest: You should have completed minimum seven years of service; withdrawal can be made only three times in the period during which you hold the PF account, and the maximum aggregate withdrawal would be 50 per cent of the total contributions made by you.

For medical emergencies, there is no minimum service period. However, the maximum amount one can withdraw is six times the basic salary and proof of hospitalization is required.

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