Provident Fund rules in India

Provident Fund rules in India

The Provident fund rules in India came into existence in the year 1955. The rules comprises the following sections:

  • Definitions,
  • Constitution of the Fund,
  • Nomination,
  • Subscriber’s account,
  • Conditions and rates of Subscriptions,
  • Transfer to foreign service,
  • Interest,
  • Withdrawal from Fund,
  • Payment towards insurance policies,
  • Bonus on policies,
  • Procedure on death of subscriber,
  • Method of maintaining accounts.

DEFINITIONS:

The various definitions of Provident fund rules in India are:

  • Account Officers are the officer who maintains the provident fund account of the subscriber. He has been assigned by the Auditor General of India or Government.
  • Fund is the All India Services Provident Fund.
  • Form which belongs to these rules.
  • Child is the step child or adopted child under the personal law of the subscriber.

CONSTITUTION OF THE FUND:

The Constitution Fund is maintained in India as rupees and every member subscribe to the fund. This is one of the important Provident fund rules in India.

SUBSCRIBERS ACCOUNT:

It includes the subscriber’s account. The account is prepared with the name of each subscriber and members should follow the conditions and rates of subscriptions. The amount of subscriptions fixed can be,

  • Reduced once during the course of year.
  • It can be increased twice during the course of year.
  • It can be increased or reduced based on the subscription.

CONDITIONS AND RATES OF SUBSCRIPTIONS:

The subscriber subscribes monthly to the Fund except during a period of the suspension. This can be done only when the subscriber reinstatement after the period that has passed under suspension. The arrears need to be paid for the period when the members are paying in one sum or installments.

BONUS ON POLICIES:

The subscriber won’t get any bonus during the currency of the policy. The amount of any bonus can be withdrawn only under the terms of the policy. The subscribers don’t have any option to draw the money during its currency of the policy.

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plz more details in Provident Fund.

please describe how to calculate Provident fund in India.

who is elegible for pf,is it compulsory to obey pf rules for every pvt.ltd.company.

Please help me..... i was working for Maitreya Project Bodh,Gaya... i have my provident fund .... but this is not continue now because that NGO stop the school.... now i am on road so now i want my provident fund withdraw now .... so how can i do this help me... help me.... help me.. Mithilesh

Help Sought, My ex-employer is not processing/furthering my PF papers to PF department, nor is he ready to give me, for no reason. Where and how should I complaint. Thanks in advance. Jeeten

What are the procedure of PF claim Res, Sir, Last 3.5 year I submitted my Pf Form at Mumbai office Agent name is Murty, They will say u will get ur pf in some days. but i am not received still now. Please inform me what are the procedure to take legal action. My details as follows. Name:-Vijay Mendon My Pf A/c No:-NH/91439/002. I was called/meet many time on this cust care no but i cant reveived proper gaidance for my PF. Kindly Help me on this my Pf Isse.I hope u give my proper status about my Pf A/c. Thanking You, Vijay Mendon

What are the procedure of PF claim Res, Sir, Last 3.5 year I submitted my Pf Form at Mumbai office Agent name is Murty, They will say u will get ur pf in some days. but i am not received still now. Please inform me what are the procedure to take legal action. My details as follows. Name:-Vijay Mendon My Pf A/c No:-NH/91439/002. I was called/meet many time on this cust care no but i cant reveived proper gaidance for my PF. Kindly Help me on this my Pf Isse.I hope u give my proper status about my Pf A/c. Thanking You, Vijay Mendon

I want link or notification of PF rule for total PF contribution of employee as well as employers

previous employer has not paid my PF since i have not paid notice period amount. is this legal? if not, what can i do to recover my money?

hi, i used to work for jp morgan chase(Bpo) in mumbai they hve their pf a/c wth jp trustees ... I hve not completed their exit formalities n they want me to pay them so jus want to check wth u hw can i wthdraw my pf from my ex employer do they hve da right to take my pf away as per law? Kindly revert asap thxs Arpana

hi, i am starting a new company with 10 employees.. how do i go upon the formalities...

My ex-employer is not processing/furthering my PF papers to PF department, nor is he ready to give me, for simply siad that our application was not yet received, but i have submitted all the docements to handover to the concern HR. They are asking me the POD number which they send the courier to HEAD OFFICE.How to know that pod number. Where and how should I complaint.

If the current employer does't have PF A/c but the previces employer have a A/c. how will continou the PF A/c

What is the rule of epf? What does ruturn value at last?

HOW CAN I RECTIFY MY NAME WHICH IS MISSPELLED IN MY ACCOUNT NUMBER 1320700 WHICH IS PRINTED AS SANJOY KUMAR SAHU TO BE CORRECTED AS SANJAY KUMAR SAHOO... PLEASE ADVICE

We have obtained PR Visa for Canada and my Air Ticket on 30th Aug-2010. I am leaving from my job om 3rd August, 2010, so let me know the procedure to withdrawal amount of PF and the proceding time and also I would like to know the % of amount receivable.

Two years back I resigned my job from a company, till now I haven’t claim the PF amount, now i have an idea to claim the amount, someone is telling me that after 3 years experience from the same company i am able to claim the company investing PF amount, is it true? can anyone help me about this?

Two years back I resigned my job from a company, till now I haven’t claim the PF amount, now i have an idea to claim the amount, someone is telling me that after 3 years experience from the same company i able to claim the company investing PF amount, is it true? can anyone help me about this?

Yes, after three years PF amount will be lapsed in case you will not claim for that. And to claim for PF you have to get form filled and duly signed by your previous employer than submit to your assigned PF Office .

Any one suggest me that my company has 300 employees but the no has PF account till.

it should be possible that company shows all the employees are on daily wages.

After deposit all the documents i am not received total amount of PF. What can i do? Thanks & Regards Sasmita Behera Mob-9883116429

pl tell me if there is a new amendment as passed agst pf in 2009-10. If amendment has passed can any one tell me about that amendment. some one told me that as per new amendment if company having more than 10 permanent employees it must to reg under pf act. pl conform me about this.

If the employee doing Overtime 30 hours in a month. Can PF deducted or not.

Pf deduction application only on Basic + DA

my co. is not deducting any pf 4m salary...does this makes my co. any less reliable employer compared to cos that deduct pf

pl.send me more details about epf,

pl.send me more details,how many employees are necessaryin single concern to apply epf.

Please provide me for the provident fund what is the salary limit.

Please provide me provident fund limit.

6500 Rs/month is the max. limit for PF

providnt fund limit is 6500/-only

Dear Sir/Madam, After leaving the current job, if i am not willing to go for job further, in that case may i maintain my current PF account without closing? Your advice in this matter will be very helpful to me. Thanks

My company is not giving PF while in this company more than 2000 employees work in different good positions.

I have retired from a Nationalised Bank. But I have not withdrawn the employer's contribution made to Provident Fund Account. Please let me know if the balance left with the PF a/c will earn interest after retirement also? If yes, what is the present rate of interest paid on the balance kept in PF account. Please clarify.

I have fill up and submited my P/F form but i still not getting my FUND,it's already tooked 9th months,all of my workmate had got the FUND. Please Advise me ;what action I have to take; because of this I am MENTALY Disturbed; please help me,,,,

Hello,i submit d Pf form before 4 months in dwarka office New Delhi,but i dint get amount till date.Plz verify what happen of my amount or advise me what action i have to mtake.thanx

i am employee of the company from last 5 yrs but still not received PF paid slip from the company. Kindly let me know the procedure to get the paid slip and till date status of my Provident fund.

I am working for my company last 5 years but still not recieved the PF payment slip kindly help to know how to get the slip and procedure for current status of PF account. Regards Jacob

company deduct 12% from my salary as employee contribution to pf and second 12% from my salary as employer contribution. so. i want to know 12% of employer contribution for all the companies uniform i.e they have to provide 12% from they own pocket.

hii 12% which is payable by the employer should not be deducted from employee,s a/c.check with your HR or PF Commissioner

My ex-employer is not processing/furthering my PF papers to PF department, nor he is telling when I will get PF, my application was send to them through concern HR.Pls tell me how should I PF as its 1.5 years since I am following with them. I was employeed in Jammu and our company is from chinnai.

IS THERE ANY RULE AS SUCH FOR PRIVATE COMPANY THAT IT CAN CONTRIBUTE 10% ON 6500 ONLY IF WHAT SO EVER IS THE SALARY OF THE EMPLOYEE OF THAT COMPANY

Hi I was employed at a recruitment/staffing firm called OS2i in Pune from Jan 2006 to Oct 2008. OS2i was headquartered in Brighton UK under the leadership of Mr. Regan George. Most of us who were employed have not received their Provident Fund settlements. When we checked with the PF office in Pune our accounts show ZERO credit. For the time that most of us have been employed at OS2i, we have our salary slips showing deductions towards Provident Fund however our account shows ZERO when we checked the balance at the PF office. Please to whom so ever it may concern, if you have any suggestions, guidance , please do revert back on my email id virafb@gmail.com Also most of our senior management including Mr. Regan George have no inclination nor the desire to help us out, probably the last resort for us would be a to take legal action against the people concerned. Regards Viraf Bokdawalla

Hi I was employed at a recruitment/staffing firm called OS2i in Pune from Jan 2006 to Oct 2008. OS2i was headquartered in Brighton UK under the leadership of Mr. Regan George. Most of us who were employed have not received their Provident Fund settlements. When we checked with the PF office in Pune our accounts show ZERO credit. For the time that most of us have been employed at OS2i, we have our salary slips showing deductions towards Provident Fund however our account shows ZERO when we checked the balance at the PF office. Please to whom so ever it may concern, if you have any suggestions, guidance , please do revert back on my email id virafb@gmail.com Also most of our senior management including Mr. Regan George have no inclination nor the desire to help us out, probably the last resort for us would be a to take legal action against the people concerned. Regards Viraf Bokdawalla

Hi , I left an organisation 6 years back. What is the procedure to claim the EPF? Thanks & Regards, Shrikant

hi, its really surprising that you have left ur job since 6 years and still not claimed ur pf!!! anyways its HR lookout to inform u the same but if they have not informed u than u may simply approach them, ask them for ur PF form, fill it up and submit to ur HR. it may take max. of 60 working days for ur PF to get cleared.

Hi, I ve been working for a govt. aided college in tamil nadu for the past 26 years. But i ve not been deducted any amount from my salary as a pf... I get a consolidated pay and my basic is below Rs.6500/-. My question is 1.can I get my pf for the past 26 years.. If so, then suggest me a legal procedure to get the same. Thanks

pls advice me about pf withdraw without employer consent.

pls adv the limit of PF

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