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Employee Provident Fund

The Employee’s Provident Fund (EPF) is most popular saving move for Indians salaries people its saving for the retirement. Amount in PF is maintained by the Employee’s Provident Fund Organization of India (EPFO)

Employee Provident Fund is applicable to : Employees’ Provident Fund and Miscellaneous Provisions Act 1952 is applicable to:

  • Every establishment which is engaged in any one or more of the industries specified in Schedule I of the Act or any activity notified by Central Government in the Official Gazette.
  • Employing 20 or more persons .
  • Cinema Theatres employing 5 or more persons.

Benefits Of Employees' Provident Fund (EPF) Registration

Pension

Employee’s Provident Fund (EPF) is a retirement benefit scheme that’s available to all salaried employees. EPF has traditionally popular mode for most Indians for retirement plan.

Funds Withdraw

Member can withdraw fund which get accumulated in PF accounts with interest for retirement, resignation and death. Even partial withdrawal is allowed like for  house construction, higher education, marriage, illness etc.

Death

After death of member , Provident Fund Amount is given to Family members of the employees.