For Employees
For New Entrants:
- Enrolment: An employee is eligible for membership from the day he joins the covered establishment.
- If the employee’s emoluments exceed Rs. 6,500/- per month, he has the option to join the Scheme(s) with the consent of employer.
- Declare previous employment details, if any, in Form No. 11 to the employer.
- On becoming a member of the Schemes file details in Form No. 2 ( family particulars/ nominations) through the employer.
- Rate of contribution payable by a member shall be @ 12% of his emoluments.
- A member can contribute statutarily over and above the prescribed rate.
For Existing Members:
- Enrolment:
- Any change in the family status, such as, –
- marriage of the member.
- additions / deletion in the family.
- Legal adoption of the children.
- Change of nominee, is to be filed in Form No. 2 through the employer.
- In the event the member is holding a Scheme Certificate (under EPS, 95), he should surrender the same to the concerned EPFO office, through his employer.
- A member is entitled to various benefits & facilities such as withdrawals, advances, pensions, death insurance etc.
For more details visit Provident Fund India Website