How To Open A PF Account ?

Employee provident fund or PF is a retirement benefit scheme availed by the salaried employees . PF account an employee provident fund account will be opened on behalf of the employee by the employer . Wisdom jobs career edge HR experts says that it is mandatory for every employee to open epf account , employees not under any organisation cannot open the employee provident fund account .PF accounted is penned so that employee and the employer can deposit provident fund at indicated percantages current percentage for the employee is 12% and employer is 3.67% finds wisdom jobs reviews experts .The amount contributed goes to the epf account and EPF account. EPF accounts are administered by EPFO a government organisation created for this purpose. For an employer to create PF account his/her establishment should have more than 20 employees. If the establishment covers less than 20 employees it might be subjected to certain conditions.

Pf account create
pf account can be created online or office it depends upon the employers decision, now a day’s online mode is preferred than offline mode .To register for epf the registration form should be downloaded from the website of the Employees’ Provident Fund Organization (EPFO)
According to wisdom jobs complaints study report , employers needs to submit following details for opening PF account number

● Name of establishment
● Address of the company
● Main office and branch details
● date of registration of company
● details of employees
● total employee strength
● type of business.
● Legal status of company
● Owner details such a designation and address
● Salary of individual employee
● Total salary f employees monthly
● Details of bank
● PAN details
Basic details of employee
● name of employee
● date of joining,
● salary
documents required for opening EPF account
● registration certificate of the company copy
● memorandum and articles of association
● legal documents
● balance sheet
● salaries of employees
● Form for allotment of Business Number
● Document to obtain code number
● Consent signature of staff
● All relevant supporting documents
● Copy of trade license
● Company PAN
● Sales Tax Registration
● Certificate of Incorporation
● Form 3
● Audited Balance Sheets
● Income Tax Pan Card

Instruction for Filling of Business Number Application Form

The Business Number form is designed for data entry in computer for allotment of Business Number. Therefore all the columns marked ‘*’ must be filled in.
Any incorrect or insufficient or incomplete information may hamper allotment of Business Number and delay the process. Therefore utmost care may be taken in filling the form.
All columns must be filled in BLOCK CAPITAL LETTERS using blue or black ball pen only. Type printing or computer printed is allowed provided the data is clearly legible and exactly in the format prescribed.
Please attach all relevant enclosures in support of information provided in the application form.
The form shall be submitted in original along with the enclosures in any nearest office of EPFO.