EPFO Chennai : How to become a EPF Member?
Name of the Organization : Employees Provident Fund Organisation Chennai (epfochennai.tn.nic.in)
Type of Facility : How to become a EPF Member?
Location : Chennai
| Want to comment on this post? Go to bottom of this page. |
|---|
Website : http://www.epfochennai.tn.nic.in/default.asp
How to become a EPF Member?
You, as your own, can not become an EPF Member. To become an EPF member, you have to work in an establishment which is covered under EPF and MP ACT, 1952.
** If 20 or more employees are working in an establishment, EPFO will cover that establishment.
** If Employer and Employees of an establishment desires, that establishment can voluntarily opt for EPF coverage even if the employees employed therein is less than 20.
** If your establishment is not covered and atleast 20 employees are working in that establishment, you can approach EPFO to cover it.
How to withdraw money from EPF?
To withdraw money from EPF Account, you have to either
** Resign or retire from the establishment and apply for settlement of PF in Form-19
** Apply for advance for some admissible purposes
How to get Pension?
** If you have attained the age of 50 years or more and
** If you have completed a total service of 10 years or more and
** If you are not getting any other EPF Pension
Then you have to apply in Form-10D at the EPF Office where you last worked through your last employer.
If you want to draw pension from a different place, you have to furnish appropriate Bank / Post Office address in the application form.
Pension is distributed through Post Offices or through some designated banks only (eg : Indian Bank, SBI, Indian Overseas Bank, HDFC Bank, ICICI and UTI Bank )
How to Settle EPF Account ?
** You have to resign or retire from the establishment and apply for settlement of PF in Form-19. If the exit is before 55 years of age, the member should not work in any covered establishment for a period of 2 months from the exit date.
** If the member dies, Family members/Nominee have to apply in Form-20 for settlement of PF (In case of death, apply in From-10D and Form-5IF for Pension and EDLI also)
How to transfer my account / What to do if I join another establishment?
You have to apply in From-13(R) through the NEW Employer at the EPF Office from which transfer is sought clearly stating New and Old EPF Numbers. You have to obtain new EPF Number from your New Employer. New EPF Number will be allotted by New Employer, not by EPFO.
Contact us:
Employees Provident Fund Organisation
37, Royapettah High Road,
Chennai – 600014.
Can an employer be a member himself in own epf establishment?
You, as your own, can not become an EPF Member. To become an EPF member, you have to work in an establishment which is covered under EPF and MP ACT, 1952.