Our Procedure for Online EPF Registration in India
The EPF Registration can be a great support, assurance & safety for employees as it provides a sense of financial security to all the employees. It is regulated by the EPFO which is also one of the well-known Social Security Organizations in India. They handle large amounts of financial transactions on a daily basis. The online process of EPF Registration is not a difficult task as long as you have experts to help you sort things out. Following is the step-by-step procedure for online EPF Registration in India:
Step 1:
First, provide all the vital documents & information required for EPF Registration to us.
Step 2:
Then, choose the package and pay online with various online payment methods.
Step 3:
Once you place the order, then the application will be assigned to one of our experts.
Step 4:
Then, our experts will prepare the required EPF Registration Form.
Step 5:
Upon verification, the EPF Registration Form will be submitted to the EPF Department.
Step 6:
Once they are satisfied with the application, they will issue the EPF Registration Certificate & provide it over the mail.
What are the PF Withdrawal Rules after the Registration under EPFO?
EPFO establishes the processes for withdrawals from the PF after Resignation. As per the Rules, employees who have been unemployed for 2 months or more are allowed to withdraw the complete balance in their Provident Fund Account. This shows that a person who resigns from their job may withdraw the complete balance in their account 2 months after their last day of employment.
Before an employee can take the entire amount from the Provident Fund (PF) account, a number of limits & requirements must be satisfied. The employee must have worked for the present company or organisation for a minimum of 5 years, which is one of the vital conditions. If the employee hasn’t yet worked for 5 years, they are only permitted to withdraw the money they deposited to the Provident Fund account, interest-free.
Who is exempted from EPF Registration in India?
In India, any business with less than 20 employees is exempt from the Employee Provident Fund Act’s requirement that they register. Such businesses can still register under the EPF programme if they choose. The process will subsequently be known as Voluntary Provident Fund Registration.