How to Create an EPF Online Account?

This article will guide you in creating an EPF online account. Before moving on to the main topic, let us understand about EPF account.

What is an EPF account?

The EPF (Employees' Provident Fund) online account is an electronic platform provided by the Employees' Provident Fund Organisation (EPFO) that enables employees to manage their EPF accounts online. The EPF is a retirement savings scheme that is mandatory for employees in India. The EPF account provides a host of benefits to the employee, such as savings for retirement, access to a loan, and insurance coverage.

Employees can access their EPF account balance, transaction history, and other information about their EPF account by logging into their EPF online account. Employees can also change their personal information, such as their mobile number, email address, and bank account information, move their EPF account from one employer to another, and withdraw money from the account through the online account.

To access the EPF online account, employees need to have a Universal Account Number (UAN) and login credentials, which they can create by activating their UAN on the EPF portal. Once the UAN is activated, employees can log in to their EPF online account using their login credentials and access their account information.

Through the EPF online account, members can view their contributions to the EPF scheme, their employer's contributions, and the interest earned on their EPF balance. Moreover, members get access to their EPF passbook, which includes information on any transactions made in their EPF account. This includes contributions made by the employer, interest earned and any withdrawals made by the member.

The EPF online account also provides members with the facility to transfer their EPF balance from one employer to another. Members can initiate the transfer process online through their EPF online account. This is a hassle-free process and can be completed without the need for any physical documents or visits to the EPFO office.

The EPF online account is a convenient and efficient way for employees to manage their EPF account and stay updated on their retirement savings. It eliminates the need for employees to visit the EPFO office and perform transactions manually, saving time and effort. With the EPF online account, employees can ensure that their retirement savings are on track and plan their finances accordingly.

Steps for Creating an EPF account

Creating an online EPF (Employees' Provident Fund) account is a simple and straightforward process. The EPF is a retirement savings scheme that is mandatory for employees in India. The EPF account provides a host of benefits to the employee, such as savings for retirement, access to a loan, and insurance coverage. The following are the steps to create an online EPF account:

Step 1: Verify Eligibility:

The first step to creating an online EPF account is to verify eligibility. To be eligible for an EPF account, the employee must be earning a basic salary of up to Rs. 15,000 per month. If the employee is earning more than Rs. 15,000, they can still open an EPF account but it will be voluntary.

Step 2: Obtain the Universal Account Number (UAN):

A unique number called a Universal Account Number is issued to each employee who contributes to their EPF (UAN). The UAN is provided by the employer to the employee. The employee should ask their employer for a UAN if they don't already have one.

Step 3: Visit the EPF Portal:

Once the employee has obtained the UAN, they should visit the EPF portal. The portal can be accessed at https://www.epfindia.gov.in/site_en/. On the homepage, click on the 'Activate UAN' button.

Step 4: Enter Personal Details:

After clicking on the 'Activate UAN' button, the employee will be taken to a page where they will be required to enter their personal details, such as name, date of birth, mobile number, email address, and UAN. The employee should ensure that the details provided are accurate and up-to-date.

Step 5: Create Login Credentials:

Once the employee has entered their details, they will be prompted to create login credentials. The employee should create a strong password that is difficult to guess. Usage of both capital and lowercase letters, numerals, and special characters is recommended.

Step 6: Authenticate OTP:

After creating the login credentials, the employee will receive an OTP (one-time password) on their registered mobile number. They should enter the OTP on the EPF portal to authenticate their account.

Step 7: Link Bank Account and KYC:

The employee should then link their bank account and KYC (Know Your Customer) details to their EPF account. The KYC details can be verified using any of the following documents: Aadhaar, PAN, Passport, Driving License, Election ID, Ration Card, or National Population Register.

Step 8: Login and View Account:

Once the employee has completed all the steps, they can log in to their EPF account using their login credentials. Users can check the balance in their account, the history of their transactions, and other information on their EPF account.

An online EPF account can be opened quickly and easily by following a few simple steps. The worker should confirm they have all the necessary documentation and information before starting the process. By following the steps outlined above, the employee can create an online EPF account and enjoy the benefits that come with it. Hope you understood this topic.