The Employees Provident Fund Organization (EPFO) launched the Employees Provident Fund (EPF) scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1956, to provide financial support after retirement or demise of an employee. 

Provident fund is the most popular investment schemes for the salaried population in India due to its multifold advantages.

Benefits of Registering with EPF

1. Tax Benefits: The Indian government has decided the deposited amount and the amount of interest to be completely tax-free. After five years of completion or maturity, the employee can withdraw money completely tax-free.
    
2. Financial Security: Your EPF account provides an employee with long-term financial security in retirement, ailment, disability, or demise.
    
3. Retirement Plan: EPF is accumulated to provide financial security after retirement.
    
4. Fund Liquidity: In a financial crisis, this fund will act as an asset for the employee.
    
5. Easy Accessibility: The employee can access their EPF account with a UAN number and shift the account as they change jobs.
    
6. Anytime Withdrawal: The employee is allowed to withdraw 75 percent of the EPF fund after one month of resigning from his job.

Due to the various benefits of the Employees Provident Fund, setting up an account is very necessary for all salaried individuals. You can avail of online registration, which is both convenient and time-saving.

EPF Registration through Online Legal India™

Besides completing EPF registration, our PF experts are going to guide you through PF return as well. Free all-around consultation and assistance are part of a very affordable package.

Your assigned professional is going to make sure you receive your PF number at the earliest. Trusted by more than 1,20,000 customers, get in touch with Online Legal India™, our country’s best legal platform now, and generate your UAN.