It is obligatory for the employees with a salary below Rs 15000 per month to register for EPF. ![]() Registering with EPFO is mandatory by the labor law for all organizations with more than 20 employees to register with the EPFO. This rate changes according to decisions made by EPFO. Employees can use it in the event either they are unemployed, unable to work, or at the time of retirement.Īs an employee, we would like to know how much provident fund has been accumulated during the years of service.įor the Financial year 2019-2020, the pre-fixed rate of interest offered by the EPF scheme is 8.55%. EPFO is the Employees Provident Fund Organisation of India.ĮPF is a saving platform that helps employees to save a proportion of their salary every month.
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